Each night I listen to the sweet sound of a train passing near my house. At least 100 Trinity Industries-leased (TLIX) Genesis tanker cars pulled by a Burlington Northern train on a Genesee & Wyoming-leased railroad to a Genesis transloading facility in Walnut Hill, FL. That amounts to close to $7 million per train. Forget about the Keystone pipeline. I think more and more crude oil will be transported by rail because logistics demand it.
The crude oil transported to the Walnut Hill, FL facility comes directly from North Dakota. An endless stream of oil transloaded from tanker cars into a pipeline connecting to the Shell Oil refinery in Mobile, AL. I am aware of Genesis' plans to start another transloading facility in Louisiana. I am also aware of their operations in the Houston area, Mississippi and Wyoming. I would like to know more about GEL, GWR, and TRN. I do like the sweet sound of that train.