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Railroads play major role in U.S. oil boom

Industries

Thursday, January 03, 2013

Growth in crude oil shipments by rail will continue even after pipelines are built to move the oil from the new shale-oil fields popping up around the country, railroad industry executives say. Their comments at the RailTrends conference in New York last month, hosted by analyst Anthony Hatch and Progressive Railroading magazine, were included in a memo to clients summarizing the conference by analysts at investment house Stifel Nicolaus. The fastest growing carlo...

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