(Source: Reuters, July 22, 2011)
NEW YORK — Union Pacific said it expects rail shipments of oil to quadruple in 2011. According to Reuters, the company hauled about 4,400 carloads of crude oil out of Bakken Shale formation in North Dakota during 2010. The railroad expects to haul more than 16,000 carloads in 2011.
Full story: www.reuters.com