Arc Terminals is an independent terminal company serving suppliers, marketers and refiners seeking to move price-advantaged crude oil to the Gulf Coast. The new rail transloading facility will be connected to Arc Terminals' Blakely tank farm via a new pipeline. Once the product reaches Arc Terminals' facilities, crude oil can be delivered efficiently to customers on the Gulf Coast via pipeline or by vessel as far as Corpus Christi, Tex.
The Blakeley terminal has a storage capacity of 700,000 barrels for crude, fuel oil and asphalt. Terminal capacity could be expanded to more than one million barrels to meet potential future demand.
About Arc Terminals LP
Arc Terminals owns and operates 11 petroleum product terminals located in
, with a combined capacity of approximately 3.6 million barrels. For more information about Arc, visit the company's website at
CN - Canadian National Railway Company and its operating railway subsidiaries - spans
and mid-America, from the Atlantic and Pacific oceans to the
Gulf of Mexico
, serving the ports of
Prince Rupert, B.C.
, and the key metropolitan areas of
Green Bay, Wis.
, with connections to all points in
. For more information on CN, visit the company's website at
Certain information included in this news release constitutes "forward-looking statements" within the meaning of
the United States
Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these forward-looking statements, including statements related to the growth of the crude oil transportation market, involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, which may cause the actual results or performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements. Important factors that could affect the above forward-looking statements include, but are not limited to, the effects of general economic and business conditions, industry competition, inflation, currency and interest rate fluctuations, changes in fuel prices, legislative and/or regulatory developments, compliance with environmental laws and regulations, actions by regulators, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, labor negotiations and disruptions, environmental claims, uncertainties of investigations, proceedings or other types of claims and litigation, risks and liabilities arising from derailments, and other risks detailed from time to time in reports filed by CN with securities regulators in
the United States
. Reference should be made to "Management's Discussion and Analysis" in CN's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN's website, for a summary of major risks.
CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable Canadian securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.