Surging U.S. oil and natural gas production has unleashed a new ear of American prosperity. It has also created a myriad of transportation bottlenecks in production regions across the country. In the absence of adequate pipeline capacity, producers are forced to rely on railroads to ship resources to market.
Most recently, reduced capacity on Enbridge’s Line 3 and the ongoing legal drama over the Keystone XL Pipeline caused the Canadian government to contract 4,400 railway tank cars to move oil to U.S. markets. Crude-by-rail shipments from Canada to the U.S. are already at an historic high, more than doubling …
