Canexus did not name the company, which signed a take-or-pay agreement in December 2013, and said the contract was cancelled after delays in connecting the crude-by-rail terminal to the Cold Lake pipeline system. "We are very disappointed that the delay in the tie-in of the Cold Lake pipeline system to the unit train facility triggered the termination right...» Read More
Sept 22- The foreign-owned operator of a northern Indiana toll road filed for bankruptcy on Sunday as traffic fell short of the projections that underpinned the 2006 groundbreaking deal to privatize the highway.
Revamped U.S. refineries are absorbing heavy Canadian crude and new oil-rail terminals built by companies like Gibson Energy Inc and Canexus Corp are loading trains to deliver crude to markets across North America, and potentially abroad, limiting the downturn and keeping prices buoyant compared to the past seasons.
HOUSTON, Sept 10- Alon USA Energy intends to restart its refinery in Bakersfield, California in 2016 after a string of upgrades to enable it to process light inland U.S. crude that will arrive via a new oil-by-rail facility, Chief Executive Paul Eisman told Reuters on Wednesday.
SAN FRANCISCO, Sept 5- A San Francisco Superior Court judge on Friday dismissed a lawsuit brought by environmental groups against Kinder Morgan's Richmond, California, rail terminal, which quietly began unloading crude oil from trains this year, saying the plaintiffs waited too long to file their complaint.
"The Federal government has given up the business of running highways," says John Hofmeister, Citizens For Affordable Energy. He thinks they should let the state's take over.
CALGARY, Alberta, Aug 6- Canexus Corp, the developer of Canada's first dedicated oil train terminal, said on Wednesday it was talking to interested parties about potentially selling its 70,000 barrel-per-day loading facility in Bruderheim, Alberta.
CALGARY, Alberta, Aug 4- Canexus Corp, the developer of Canada's first dedicated oil train terminal, has embraced the crude-by-rail boom with little success so far. The company's Bruderheim terminal, 55 kilometers northeast of Edmonton, Alberta, is one of seven unit train terminals operating or under construction in Western Canada.
Insight to why fatal truck accidents have risen 18 percent from 2009-2012, with CNBC's Eamon Javers.
CNBC's Eamon Javers takes a look at highway safety and how new technology is being used to prevent terrible crashes and tragedies on the road.
CNBC's Eamon Javers takes a look at highway safety and long-haul trucking.
VANCOUVER, Washington, July 21- California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington state.
Sen. Bob Corker, (R-Tenn.), shares his plan to find a responsible way to pay for the Highway Trust Fund.
WASHINGTON, June 10- U.S. Senate Minority Leader Mitch McConnell said on Tuesday that Republicans were open to using a tax holiday for multinational companies as way to pay for broad highway construction legislation this year. McConnell said a tax holiday would give firms "the opportunity to bring home overseas profits."
BEIJING, May 5- China shares ended mixed on Monday, with weak manufacturing activity weighing on sentiment in a session that saw weakness in property while rail infrastructure shares gained.
Key senators offered announced an outline of a new measure that would pour an additional $16 billion a year into the Highway Trust Fund.
Large parts of the country have been dealing with severe winter weather this year, including heavy snow and ice. The harsh weather has produced an unexpected headache for many drivers in the form of potholes. NBC's Tom Costello reports.
People participating in extreme sports can spend anywhere from a few hundred dollars to tens of thousands. What are the costs associated with extreme sports?