Mouse Over to Stop Rotation & Read Ad

Thursday, August 9, 2012

Railroad Companies Feeling Impact of Shale Boom

From trefis.com:
U.S. railroad companies have started to experience an upswing in petroleum products shipments from shale formations. U.S. carloads of petroleum and petroleum products registered a whopping 48% y-o-y growth in Q2 and by 47% y-o-y in July, 2012. [1] [2]
Shale exploration also requires fracking sand, which is used for hydraulic fracturing and pipes and other drilling equipment. The volumes in crushed stone, gravel and sand category increased by 6.4% in Q2. We believe the railroad companies are well positioned to tap this opportunity, which has happened at the right time when coal carloads are falling rapidly. Let’s look at how rail companies can benefit from the shale gas boom.
Read the rest of the article by clicking here.

Connect with us on Facebook and Twitter!

No comments:

Post a Comment

Follow by Email