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Jump in oil imports could be bad news for rail business, including CSX

2015-02-02 21:41:34| Railroads - Topix.net

The business of manufacturing and shipping crude oil carriers for railways is suffering as U.S. oil production begins to slow and global oil imports become an affordable alternative once again, according to a report from Reuters. The rates to lease oil cars have dropped from a year-ago high of $2,450 per month to $1,300 late last month.

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