facebook
twitter
rss
account
search
search
 

Oil-by-rail deliveries up for week ending Jan. 2, rail group says

Jan. 10, 2014 at 5:24 AM   |   Comments

WASHINGTON, Jan. 10 (UPI) -- U.S. rail delivery of petroleum and petroleum products was up 20.2 percent last week from the same period in 2013, the American Association of Railroads said.

The AAR said Thursday 13,967 carloads of petroleum and petroleum products, or about 9.77 million barrels of oil, were delivered on the U.S. rail system for the week ending Jan. 2.

An accelerating pace of oil production in the United States has placed a burden on pipeline capacity, industry officials say. U.S. oil production has increased, in part, because of gains from states including Texas and North Dakota.

Last year, the U.S. Energy Information Administration said U.S. oil production was 7.5 million barrels per day, a 1 million bpd increase from the previous year.

AAR Senior Vice President John Gray said a mixed report for the delivery of other commodity groups, including grain and non-metallic minerals, indicate the U.S. economy is gaining strength, a trend he expects will continue in 2014.

The AAR said its total for U.S. operations excludes deliveries from the Canadian National Railway Co. and Canadian Pacific Railway.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
3
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
4
Pizza Hut hoping the "Skinny Slice" will mean big bucks
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback