MONTREAL - The head of Canada’s largest railway says ferrying crude remains a lucrative, albeit temporary solution to Canada’s pipeline quandary. “The role of the rail industry is a recent role and probably a temporary role. CN Rail President and CEO Jean-Jacques Ruest speaks during a business luncheon in Montreal, Thursday, April 25, 2019. Article Continued BelowMeanwhile CN Rail and Canadian Pacific Railway Ltd. shipped 23 per cent more oil and petroleum in 2018, according to the Association of American Railways. CN’s crude-by-rail exports to the U.S. are currently down 40 per cent from December to about 150,000 barrels per day, Ruest said.

Source: thestar April 30, 2019 21:13 UTC