Overwhelmed railroads threaten Canadian export economy - News Summed Up

Overwhelmed railroads threaten Canadian export economy


“We couldn’t move it.”WINNIPEG—Every day for more than six months, Jessica Raycraft has confronted hulking mounds of evidence of the great Canadian bottleneck. Kinder Morgan Inc. has halted work on a new $7.4-billion line until it can overcome British Columbia’s objections. Canadian National Railway Co. ousted its chief executive officer in March, apologized to angry customers and scrambled to develop a plan to boost volumes and kick up speeds. The rap on Canadian National and its smaller rival, Canadian Pacific Railway Ltd., is that they failed to make enough capital investments. British Columbia is going to court to stop Kinder Morgan’s pipeline on the grounds that an oil spill would ruin its coastline.


Source: thestar May 08, 2018 16:18 UTC



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