(Source: The Journal of Commerce, April 4, 2012)
Freight to support oil and gas drilling, intermodal continue to grow
OMAHA, Neb. – Union Pacific Railroad anticipates “slow but steady” growth in freight volume this year, driven by the industrial products sector and continued diversion of traffic from over-the-road trucking to domestic intermodal, a top marketing executive said Tuesday.
Eric Butler, executive vice president of marketing and sales, told the Los Angeles Traffic Club that shale oil and gas drilling from North Dakota down to Texas is creating opportunities for two-way traffic. UP carries pipe, fracking sands and barites into the drilling areas and moves crude oil out. Shale oil and gas drilling is creating opportunities for trucking as well.
Full story: The Journal of Commerce