In client briefing published Monday morning Erik Nikolai Stavseth pointed out that three trains have derailed within the last four weeks.
The forecaster noted that the most recent incident involved 30 railcars. Of these, which represent roughly one-third of the total count, several caught fire.
“The number of derailments on crude-by-rail has increased along with crude production, both in US and Canada, leading to higher safety standards, which is contributing to a higher cost level for land-locked crude volumes,” Stavseth continued.
“We
