Rising Oil Output in North America Boosts Railroads

Big Oil is turning to Big Rail to transport their product in the boom times.

FE_DA_0526brink.norfolk.jpg
By SHARE

That advantage might be temporary as more pipeline infrastructure is built, but for now CN, BNSF, and other rail companies are ramping up efforts to capitalize on the inexorable force that is becoming the North American oil and gas markets.

"We have a lot of irons in the fire," Cairns says. "We're trying to create a rail solution to bring product down to the U.S. Gulf Coast. It's an ongoing effort."

More Business News:

  • Middle East Beginning to Embrace Solar Energy
  • Jobless Rate Drops to 7.7 Percent
  • Facebook Tied to College Rejections
  • Meg Handley is a reporter for U.S. News & World Report. You can reach her at mhandley@usnews.com and follow her on Twitter at @mmhandley.