Canadian National Railway Co. expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway Ltd. to dominate a booming market for the alternative to pipelines. Crude oil shipments next year will probably surpass the 130,000-carload mark set in 2014, Chief Executive Officer Jean-Jacques Ruest said Wednesday after the company reported third-quarter earnings. That would allow the carrier to vault ahead of CP Rail, whose CEO said last week he’s aiming to reach as many as 120,000 carloads. “2019 has the makings of being a record year for crude by rail,” Ruest said in a telephone interview from Montreal. “From a volume point of view, based on the visibility we have from the people who are shipping and buying crude, it looks to us like we will be the biggest Canadian carrier next year.” The record mark would amount to about […]