by jstolberg
In a sit-down interview with Forum News Service at the Williston Basin Petroleum Conference in Bismarck, BNSF Executive Chairman Matt Rose said the railroad still has 6,800 past-due railcars for shipment of agricultural products in North Dakota, down from a peak of 8,200 in March.http://www.inforum.com/event/article/id/435429/" onclick="window.open(this.href);return false;
While some additional capacity will come online this summer, the bulk of it will be in place by October, “and it’s going to be extremely helpful,” Rose said.
The Tallgrass Pony Express pipeline is also expected to come on line in August, adding 240,000 barrels per day of capacity between Gurnsey, WY and Cushing, OK. I expect that approximately 100,000 additional barrels per day will be piped from Alberta, 100,000 bpd from North Dakota, and about 40,000 bpd from Wyoming and Colorado. That should reduce BNSF's oil business at least temporarily for the 4th Quarter of 2014.
Meanwhile, BNSF reports that their new growth business is shipping 240 shiny new pickup trucks per day to Fargo.