PBF Energy further announced that it has entered into agreements for an additional 2,000 coiled and insulated rail cars capable of handling heavy crude oil and 500 general purpose cars. The 2,000 coiled and insulated cars are expected to be delivered beginning in 2014 through the first quarter of 2015 and the 500 general purpose cars will be delivered in 2013. This will bring PBF Energy’s total number of owned or leased coiled and insulated cars to 3,600 and allow the company to move the previously mentioned 80,000 bpd of Canadian heavy crude in its own rail cars.About PBF Energy Inc.
PBF Energy Announces Arrival Of First Unit Train At Completed East Coast Rail Facility And Additional Investment In New Rail Infrastructure
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts