crude oil rail shipments News

Oil, Rail Firms Propose Phasing Out Old Tank Cars

The oil industry and the railroads that haul its crude have offered U.S. regulators a joint plan to phase out a type of older tank car tied to a spate of fiery accidents, according to two people familiar with the …

‘Degassing’ North Dakota Crude Oil Before Shipping Among Safety Ideas

After a spate of fiery derailments, the scramble to make North Dakota’s Bakken crude oil safer when it’s being transported on trains has focused on better tracks, slower speeds, and reinforced railcars that bypass urban areas. But that is starting …

Buffett Says Rail Industry Concerned Over Oil Transport Safety

Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. “I can tell you that’s all …

Pressure Mounts to Improve Oil-Rail Safety; Older Tank Cars in Canada Crash

Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older variety long faulted by regulators. …

Canada Considers Requiring Emergency Response Plans for Rail Oil Shipments

Canada is considering classifying crude oil as a higher-risk, dangerous product, requiring emergency response plans for shipment by rail following a train accident that leveled the heart of a Quebec town in July, a government official said on Friday. The …