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10/1/2010
Rail News: Rail Industry Trends
Louisiana terminal begins receiving crude oil via rail
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Yesterday, U.S. Development Group L.L.C., which develops rail logistics and terminal facilities, announced that its St. James Rail Terminal has begun to receive and offload shipments of crude oil via unit trains.
Located on Louisiana’s Gulf Coast and served by Union Pacific Railroad, the St. James Rail Terminal is U.S. Development Group’s first crude oil/condensate facility in a planned nationwide network, according to the company.
U.S. Development Group expects the terminal to help optimize the Louisiana crude market by providing producers access to a trading hub and refiners access to a steady crude supply.
The terminal has an initial capacity of 65,000 barrels per day and is capable of handling both manifest and unit train shipments, U.S. Development Group officials said in a prepared statement.
Located on Louisiana’s Gulf Coast and served by Union Pacific Railroad, the St. James Rail Terminal is U.S. Development Group’s first crude oil/condensate facility in a planned nationwide network, according to the company.
U.S. Development Group expects the terminal to help optimize the Louisiana crude market by providing producers access to a trading hub and refiners access to a steady crude supply.
The terminal has an initial capacity of 65,000 barrels per day and is capable of handling both manifest and unit train shipments, U.S. Development Group officials said in a prepared statement.
