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CN and Canadian Pacific vie for shippers’ and KCS shareholders’ favor Both seek to create a railroad with a network extending from Mexico to Canada through US Midwest 0 89 3 minutes read A Kansas City Southern train. (Photo: Jim Allen/FreightWaves) CP and Kansas City Southern (KCS) announced their agreement to merge in March, while CN announced its plans to acquire KCS in April. In both situations, the end result would be a railroad with a network that touches both Canadian coast...

Press release content from Business Wire. The AP news staff was not involved in its creation. USD Partners Announces Quarterly Distribution Increase, Full-Year Distribution Guidance and Its First Quarter 2021 Earnings Release Date April 22, 2021 GMT HOUSTON--(BUSINESS WIRE)--Apr 22, 2021-- USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Board of Directors of its general partner declared a quarterly cash distribution of $0.1135 per unit for the first quarter of 2021...

The Biden administration’s cancelation of the Keystone XL (KXL) pipeline in January appears to be driving a revolutionary improvement in Canadian oil-by-rail safety that could protect the public from what have become known as “bomb trains.” Without the KXL pipeline to help transport tar sands bitumen from Alberta to refineries in the United States, Canadian oil producers are

The Globe and Mail CALGARY Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer The chief executive of Gibson Energy Inc. GEI-T says “clarity” about the future of the cancelled Keystone XL pipeline has prompted increased interest from potential customers in an expansion of its diluent recovery u...

CALGARY — The CEO of Gibson Energy Inc. says “clarity” about the future of the cancelled Keystone XL pipeline has prompted increased interest from potential customers in an expansion of its diluent recovery unit now under construction at the Hardisty crude transport hub in east central Alberta. Diluent, a light oil mixed with sticky, heavy […]

What Keystone pipeline cancellation means for crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its merits or d...

Share: President Joe Bidens revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. "The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its merits or drawbacks, it is now a deflated political football," said B...

Local company’s shares climb 10% Shares of Delek US Holdings rose about 10 percent Wednesday after noted investor Carl Icahn named the three men he would like to see take board seats and help force through big changes at the Brentwood-based company. Icahn-controlled CVR Energy — an oil-refining peer to Delek with a slightly larger market value — last year said it wanted to buy Delek. But a few weeks ago the company said it had shifted gears and now wants a board presence to push for a st...

Posted on 8372 USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Board of Directors of its general partner declared a quarterly cash distribution of $0.111 per unit for the fourth quarter of 2020 ($0.444 per unit on an annualized basis), the same amount as distributed in the prior quarter. The distribution is payable on February 19, 2021, to unitholders of record at the close of business on February 10, 20...

The Port Arthur terminal is expected to be completed in the second quarter of 2021 Author: Raegan Gibson, KBMT (12NewsNow) Published: 3:07 PM CST December 16, 2020 Updated: 3:07 PM CST December 16, 2020 PORT ARTHUR, Texas — Port Arthur will have dozens of new jobs in 2021 thanks the development of a new oil handling terminal. According to a news release from US Development Group, LLC., the construction process is expected to bring 1,200 jobs to...