Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

Rail company suspends plans to ship oil

Canadian Press, The Canadian Press
0 Comments| August 15, 2014

WINNIPEG - A rail company is putting the brakes on a controversial plan to haul millions of litres of oil across its northern rail line to the port of Churchill on Hudson Bay.

OmniTrax Canada president Merv Tweed says the company — which operates the port in Manitoba — is expecting another record shipping season from grain and other commodities.

He says that lessens the need to ship crude oil.

The plan to transport oil across hundreds of kilometres of remote rail line built on permafrost was opposed by aboriginal groups, environmentalists and the government of Manitoba.

The northern rail line has been plagued by derailments recently, forcing the suspension of both freight and passenger services.

Tweed says OmniTrax will look at other ways to diversify its shipments by possibly including potash and wood pellets.

Rate this article
0 stars




No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.