Ltd. ‘s crude-oil shipping business will likely see its revenue double to 10% of the rail’s overall total in the next two or three years, the company’s chief executive said. Hunter Harrison said demand from Western Canada’s oil producers to ship crude by rail to refineries is likely to increase as output rises. “In the next two or three years, it’ll probably go to 10% of the business,” he said. “There’s a lot of opportunities.” The risk of derailment and other safety issues associated with shipping crude led CP to consider getting entirely out of the business of shipping crude by rail about a year ago, he said. The company’s board discussed ending transporting oil and other hazardous material, such as chlorine and ammonia, through communities in the U.S. and Canada, he said. The board decided to continue moving the products as it believed it would do […]