Steel opportunities grow with energy plays
Feb 13, 2013 | 03:07 PM
| Corinna Petry
Tags
Rail carloads,
2012 data,
Association of American Railroads,
crude oil,
natural gas,
fracking operations,
Norfolk Southern,
Donald Seale
tubular steel
CHICAGO — North American railroads recorded a 37.8-percent year-on-year increase in petroleum product shipments in 2012, with the U.S. carloads total moving up more than 46 percent, according to the Association of American Railroads.
Norfolk Southern Corp., Norfolk, Va., saw crude oil shipments rise 9 percent in the fourth quarter and is ramping up service for crude oil traffic from the Bakken and Canadian oilfields to Eastern refineries, chief marketing officer Donald W. Seale said in....
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