Canadian Pacific ships oil from new facility

Thu Feb 2, 2012 1:34pm EST
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(Reuters) - Canadian Pacific Railway Ltd (CP.TO: Quote) said on Thursday it is now shipping crude oil by rail for NuStar Energy LP (NS.N: Quote) from its new transload facility near Lloydminster, Saskatchewan.

CP, Canada's second-biggest railway and under pressure from an activist investor to improve its operating performance, said it plans to expand the facility in 2012. Transloading uses specialized pumps and a hose system to transfer oil from trucks to rail cars.

(Reporting by Susan Taylor; editing by Rob Wilson)