(Source: Bloomberg News, January 6, 2014)
NEW YORK — Ethanol gained as wintry weather across the U.S. Midwest delayed rail shipments. Futures rose 3.7 percent as Norfolk Southern Corp. and BNSF Railway Co. said their operations were affected by heavy snow and wind chills below minus 50 degrees Fahrenheit (minus 46 Celsius) spread over parts of the region. Ethanol is delivered mostly by rail, while other fuels are transported largely by pipelines.
Full story: Bloomberg Business Week