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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (50858)	10/24/2018 7:16:11 AM
From: Goose94	Respond to of 203376

Christian Wetherbee on BNN.ca @ 1530ET Riding the Rolling Stock on Rail Plays en.wikipedia.org

To: Goose94 who wrote (50858)	10/25/2018 8:13:41 AM
From: Goose94	Read Replies (1) \| Respond to of 203376

Canadian National Railway (CNR-T) take crude oil hauling crown. CNR expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway to dominate a booming market for the alternative to pipelines. Crude oil shipments next year will probably surpass the 130,000-railcar mark set in 2014, chief executive Jean-Jacques Ruest said Wednesday after CNR posted third quarter earnings. That would allow it to vault ahead of CP, whose CEO said last week he is aiming to reach as many as 120,000 railcars. Mr. Ruest said: "2019 has the makings of being a record year for crude by rail. ... It looks to us like we will be the biggest Canadian carrier next year." The record mark would amount to about 250,000 barrels a day, more than the production capacity of OPEC member Gabon, based on an average tank-car volume of 700 barrels. CNR is about 80 per cent through a capacity expansion that is part of a record $3.5-billion capital spending program for 2018 aimed at fixing bottlenecks and service issues. CN is focusing most of the investments, such as double tracks, on its main line between Edmonton and Winnipeg.