To: railroader
Farmers around here (Indiana) are way behind on shipping harvest due to crude hogging the available shipping slots.
I assume it’s a bull market for railroads.
11 posted on
11/17/2014 2:21:15 PM PST by
nascarnation
(Impeach, Convict, Deport)
To: nascarnation
Farmers around here (Indiana) are way behind on shipping harvest due to crude hogging the available shipping slots. I assume its a bull market for railroads.
What people don't realize is that even oil trains sit on sidings, and mainlines, for hours, or even days. Railroads failed to hire sufficient train crews.
I suspect they didn't want to go on a hiring binge or spend billions on capacity improvements only to have the traffic dry up if and when the price of oil collapses and fracking declined.
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