Social risk trumps financial risk for Canadian crude-by-rail

A photograph of tank cars parked in a rail yard.

Shipments of Canadian heavy crude oil via rail in 2021 are likely to be below the volume peaks that occurred at the beginning of 2020, credit ratings firm Moody’s Investors Service said in a Monday note related to Canadian crude-by-rail. This means that the Canadian railways could see decreased revenue coming from crude-by-rail in 2021.

That said, the social risks to haul crude-by-rail are more costly than the financial risks for Canadian Pacific (NYSE: CP) and CN (NYSE: CNI), Moody’s said....

https://www.freightwaves.com/news/social-risk-trumps-financial-risk-for-canadian-crude-by-rail

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