U.S. crude by rail industry slows down after six years of rapid growth

Crude oil shipments by rail dropped nearly 17 percent in the United States last year as low oil prices, reduced oil output and new pipelines ended six years of rapid growth by the oil train industry.

The Association of American Railroads on Wednesday said 410,249 tank car loads of crude oil were transported across the nation in 2015, down from a peak of 493,146 tank cars a year earlier. The tally confirms declines reported by individual railroads and North Dakota officials.

http://www.startribune.com/u-s-crude-by-rail-slows-down-after-six-years-of-rapid-growth/370035491/