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Colonial Pipeline plans workforce reductions
Yahoo Financeยท 2025-10-13 09:16
Core Insights - Colonial Pipeline Company plans to reduce some roles following an internal review to align its organization with business strategy and priorities [1][2] - The company assures that these changes will not affect its operations or commitment to providing safe fuel transportation services for over 50 million Americans daily [3][2] - The workforce reduction comes after Brookfield Infrastructure Partners' acquisition of Colonial for approximately $9 billion earlier this year [3] Company Operations - Colonial Pipeline operates the largest refined products system in the US, spanning about 5,500 miles (8,851 km) from Texas to New York [3] - The company transports over 2.5 million barrels per day (mbbl/d) of fuel from the US Gulf Coast to East Coast consumption centers [4] - Recent operational enhancements and adjustments to product delivery methods have been implemented to increase fuel transportation volume, although these changes have led to protests from shipping partners [5]