Energy firm plans $750M purchase of rail cars

03/8/2013 | Platts

Valero Energy plans to buy 5,320 new rail cars for $750 million to carry petroleum products bound for Louisiana and California, said Joe Gorder, chief operating officer at Valero. The rail cars are expected to boost the company's feedstock flexibility and give it better access to best-price crude products. This brings the company's rail car fleet to more than 12,000.

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