Canadian Pacific to grow heavy crude rail volume

摘要

Houston—Canadian Pacific expects to expand further into the crude business by railing more heavy grades from Western Canada as new loading terminals are put into service, the rail company’s executive vice president said Wednesday. “Over time we will see increasing volumes of heavy crude moving with different economics and drivers of demand than the lighter Bakken crude that we predominately move today,” Jane O’Hagan said during the company’s third quarter earnings call.