Ag Impacted as More Oil Travels by Rail
North Dakota’s two largest rail shippers – BNSF and Canadian Pacific – each have a backlog of more than 1,000 ordered cars, according to recently-released federal agency reports. And, US Department of Agriculture officials are concerned that Canadian Pacific will not be able meet the farmer and industry requested 30,000 rail cars prior to October. A recently completed NDSU study shows that farmers could lose more than $160 million as a result of rail congestion. North Dakota produces one million barrels of oil per day and approximately 60 percent is transported by rail. Read more in the New York Times.