This about says it all:
The Calgary-based railway has seen a faster-than-expected increase in the demand for moving oil on rail, and in December said it would build a facility in Estevan to ship from the prolific Bakken formation.And,
The carrier has seen the number of carloads from the North Dakota Bakken increase from 500 to 13,000 over the past two years, with expectations that could climb to 70,000 down the road, with projected revenue of $140 million.The most interesting observation I can make: NDIC and corporate presentations continue to say that takeaway capacity meets demand in the Bakken. This article suggests otherwise.
Last fall it reported its carloads from the Bakken were up 50 per cent over what was anticipated in June.
As pipeline capacity is stretched, rail becomes an increasingly viable option.
