Crude by rail: The outlook is good
Written by William C. Vantuono, Editor-in-Chief“Narrowing oil price differentials are impacting carloadings in the near term, but should not deter shippers from making long-term investments in crude-by-rail, which has many inherent logistical benefits that can override price in determining a transportation mode in certain scenarios,” says Cowen and Co. Managing Director and Railway Age Contributing Editor Jason H. Seidl. “Price differentials may slow CBR but won’t stop it.”
![“Thanks to Secretary Pete [Buttigieg], USDOT, the Federal Railroad Administration and all our partners for making the S-Line passenger rail a reality!!” NCDOT Secretary Joey Hopkins said in a July 1 LinkedIn post. “Thanks to the hard work of our NCDOT team we broke ground on the first construction project in the Raleigh to Wake Forest segment, a $19M project to grade separate Durant Road 7 months after the grant announcement!!” (Photograph Courtesy of Joey Hopkins)](https://www.railwayage.com/wp-content/uploads/2024/07/slinelead-315x168.png)