672, 118 tank cars of oil and/or petroleum from Jan to October 2014
Note: These carloadings do not include intermodal traffic.
U.S. rail traffic, including carloadings of all commodity types, has increased 4.5% through October 2014 compared to the same period in 2013. Crude oil and petroleum products had the second-biggest increase in carloadings through the first 10 months of this year, with these shipments occurring in parts of the country where there is also strong demand to move coal and grain by rail. In response to shipper concerns over the slow movement of crude oil, coal, grain, ethanol, and propane, federal regulators are closely tracking service among the major U.S. freight railroad companies.
Rail carloadings of oil and petroleum products totaled 672,118 tank cars during January-October 2014, 13.4% higher compared to the same period last year, according to the Association of American Railroads (AAR). Rising U.S. crude oil production, particularly in North Dakota’s Bakken Shale formation, where pipeline takeaway capacity is limited in moving the state’s growing oil volumes to market, is one of the main reasons for this increase in rail shipments of petroleum and petroleum products.