Global Partners to Begin Requiring Safety-Enhanced Rail Cars for Crude Oil Received at New York and Oregon Terminals

Wall Street Journal | April 30, 2014 | Global Partners Press Release

Global Partners LP (NYSE: GLP) today announced that it will voluntarily begin requiring compliance with CPC-1232 rail car design standards for all crude oil unit trains arriving at its East and West Coast terminals. The program will be phased in at Global's crude-by-rail receiving facilities in Albany, NY and Clatskanie, Ore. starting June 1, 2014.

"Global is committed to safety, and as part of that commitment we have made the proactive decision to begin only accepting crude oil unit trains consisting entirely of CPC 1232-compliant cars," said Eric Slifka, the Partnership's President and Chief Executive Officer. "This initiative pertains to all crude oil rail cars received at the terminal, regardless of whether they are operated by a third party or leased by Global.

"This decision complements our comprehensive preventive safety measures and emergency preparedness protocols," Slifka continued. "We continue to work closely with our employees, customers and railroads, as well as federal and state agencies and local communities, to ensure the safe, reliable handling of energy products throughout our network."

The CPC-1232 standards, which address transportation of hazardous materials including crude, were developed by the American Railroads Tank Car Committee for rail cars ordered since October 2011. The standards add safety features for leak prevention, puncture resistance and rollover protection, including a thicker, more puncture-resistant shell or jacket; extra protective head shields at both ends of the tank car; and additional protection for the top fittings.

"New technologies have fostered tremendous gains in U.S. energy production in recent years, putting the nation on a path toward energy independence," Slifka said. "Whether products travel by rail, truck, barge or pipeline, as an industry we have both an opportunity and a responsibility to ensure that we maximize public confidence in the safety of the system that carries these products across the country."

About Global Partners LP

A publicly traded master limited partnership, Global Partners LP is a midstream logistics and marketing company. Global owns, controls or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast, and is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England and New York. Global is a leader in the purchasing, selling and logistics of transporting domestic and Canadian crude oil and other products by rail across its "virtual pipeline" from the mid-continent region of the U.S. and Canada to the East and West Coasts for distribution to refiners and other customers. With a portfolio of approximately 900 locations primarily in the Northeast, Global also is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores. In addition, Global is a distributor of natural gas and propane. Global is No. 157 in the Fortune 500 list of America's largest corporations. For additional information visit

Forward-looking Statements

This news release may contain forward-looking statements. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words "may," "believe," "should," "could," "expect," "anticipate," "plan," "intend," "estimate," "will likely result," or other similar expressions. In addition, any statement made by Global Partners LP's management concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects and possible actions by Global Partners LP or its subsidiaries are also forward-looking statements.

Although Global Partners LP believes these forward-looking statements are reasonable as and when made, there may be events in the future that Global Partners LP is not able to predict accurately or control, and there can be no assurance that future developments affecting Global Partners LP's business will be those that it anticipates.

For additional information about risks and uncertainties that could cause actual results to differ materially from the expectations Global Partners LP describes in its forward-looking statements, please refer to Global Partners LP's Annual Report on Form 10-K and subsequent filings the Partnership makes with the Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made. Global Partners LP expressly disclaims any obligation or undertaking to update forward-looking statements to reflect any change in its expectations or beliefs or any change in events, conditions or circumstances on which any forward-looking statement is based.

    CONTACT: Global Partners LP 

Daphne H. Foster, 781-894-8800

Chief Financial Officer


Edward Faneuil, 781-894-8800

Executive Vice President,

General Counsel and Secretary

    SOURCE: Global Partners LP 
Copyright Business Wire 2014 

Access Investor Kit for Global Partners LP

Do you like this post?

Be the first to comment

PAUSE, People of Albany United for Safe Energy
PAUSE is a grassroots group of individuals who have come together to promote safe, sustainable energy and fight for environmental justice. We engage the greater public to stop the fossil fuel industry’s assault on the people of Albany and our environment.