Loaded liquefied petroleum gas (LPG) tank car moves fell sharply in February from January as the winter heating season finished its fifth month. Total loaded LPG tank car moves fell 18% in February from January, according to a sampling of tank car moves compiled by Energy Transport Insider.
The slump appears tied to a seasonal drop in demand, even as blizzards and nor’easter storms have blasted the U.S. northeast. Another contributing factor to the decline appears to have been congestion on both the Canadian National Railway (CN) and Canadian Pacific Railway (CP) in Western Canada.
LPG shipments out of Alberta have been delayed by weeks, sources said.
Energy Transport Insider trac...