More business awaits railroads due to growing crude-by-rail trend

03/21/2013 | MarketWatch

Canadian National, CSX and Norfolk Southern are among the Class I's that will gain more business from an increasing trend toward crude-by-rail shipments, according to Barclays analysts. Shipments of crude and crude products have soared: more than 64,000 carloads were shipped in the third quarter of last year compared to 2,860 carloads in the first quarter of 2009, according to the Association of American Railroads.

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