Number of crude oil trains declined last year as prices fell

The Associated Press

The Association of American Railroads said 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014.

OMAHA, Neb. (AP) — Freight railroads delivered 17 percent fewer carloads of crude oil last year after oil prices collapsed.

The Association of American Railroads said Wednesday 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014.

But the number of crude oil carloads remains well above the 9,500 carloads railroads hauled in 2008 before the boom took off in the Bakken region of North Dakota and Montana.

Oil prices have been hovering around $30 per barrel instead of the prices above $100 that were common a couple years ago.

Tank cars of crude oil have been involved in several fiery derailments in recent years. Rail accidents remain relatively rare compared to the total number of shipments, and the industry is working to reduce them.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs