Delivering oil thousands of miles by rail from the heartland to refineries on the East, West and Gulf coasts costs more, but it can mean increased profits — up to $10 or more a barrel — because of higher oil prices on the coasts. That works out to roughly $700,000 per train.
Josh Funk and Matthew Brown
, December 28, 2012
SIOUX FALLS (AP) — Canadian Pacific Railway says it will "defer indefinitely" plans to extend its South Dakota-based Dakota Minnesota & Eastern Railroad network into the Powder River Basin so it can ship Wyoming coal to power plants in other states.
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