Grain, oil shipments sit idle on Prairies as railways struggle to meet demand - News Summed Up

Grain, oil shipments sit idle on Prairies as railways struggle to meet demand


A shortfall of railcars and crews have left shipments of grain and oil marooned on the Canadian Prairies. Jacobson said those in the grain transportation industry have known for years that railways will prioritize other businesses before grain, because grain producers have no other options than rail, which leaves farmers little recourse. 'Canadian producers, whether it's grain, or beef, or cattle, or oil, or natural gas, can't move to market.' - Jeff GaulinThe squeeze has also impacted crude oil shipments, and the glut of oil waiting to be moved has forced prices down. "Canadian producers, whether it's grain, or beef, or cattle, or oil, or natural gas, can't move to market.


Source: CBC News February 16, 2018 02:27 UTC



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