CP Expands Bakken Crude-by-rail Origination Capability On North Dakota Network

Canadian Pacific CP today announced that it will be moving additional Bakken crude oil by unit train rail from a planned industry logistics hub served by its North Dakota network. The Van Hook, North Dakota, facility, to be developed by U.S. Development Group (USD), will handle crude oil and related products from the Bakken formation and will have initial capacity to handle up to 35,000 barrels per day at eight automated truck-unloading positions. Located on CP's Bakken North Dakota network, the hub will efficiently facilitate the loading of product via onsite tankage from truck or pipeline to rail car for movement to markets across North America. This high-capacity facility will become part of the largest crude-by-rail network in the U.S. and will initially allow for the assembly of 15 to 17 crude unit trains per month, numbering up to 104 rail cars, for haulage on CP's extensive network and to all parts of North America. Capacity will expand to accommodate up to 30 unit trains per month once the terminal is fully developed.