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Feels Like Coming of Age – Are Crude-by-Rail Terminals Here to Stay?
A recent SEC filing to register a proposed Initial Public Offering (IPO) for their Master Limited Partnership (MLP) by terminal operator USD Group - whose principal asset is a unit train crude loading terminal in Hardisty, Alberta - reveals long-term commitments to rail by Canadian shippers. That development reflects frustration with continued delays to the expansion of congested pipeline capacity out of Western Canada but also indicates a new maturity in crude-by-rail transport. Today we discuss crude-by-rail’s coming of age in Canada.
