|  Clifton Linton

Petroleum Rail Shipments Hold Weak Tone: AAR

U.S. petroleum and petroleum product rail carloads were down 25.3% from the same week in 2015, the Association of American Railroads (AAR) reported this week. The chief culprit behind the category’s decline was a drop in shipments of crude by rail. For the week ended Dec. 10, petroleum and petroleum product carloads stood at 10,026. Through the first 49 weeks of the year, total petroleum and petroleum product carloads stood at 537,104, down 21.7% over the same period in 2015. One bright spot for the category is that LPG rail shipments appear to be running ahead of year-ago levels. The Department of Energy’s (DOE) weekly production and inventory data ...

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