crude oil rail shipments News

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 …