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Railcar builder stocks tumble following PHMSA NPRM comment period
Shares of The Greenbrier Companies and Trinity Industries fell 10.2% and 7.7%, respectively, in afternoon trading on Wednesday, Oct. 1, 2014, one day after the deadline for final comments on…
Federal hazmat regulator AWOL from North Dakota oilfields
Whatever the unrevealed reasons for Cynthia Quarterman’s (pictured) Oct. 3, 2014 departure as head of the Pipeline and Hazardous Materials Safety Administration (PHMSA), a change at the top may reverse…
CBR liability: A trial lawyer’s perspective
At an increasingly rapid rate, the surge in crude by rail during the past few years has spawned significant litigation risk for a broadening group of “target defendants.” That’s why…
North Dakota seizes initiative in CBR degasification
The vital other shoe in crude by rail reform will drop not in Ottawa or Washington, but in Bismark, N.Dak., where, in the void created by federal inaction, officials are…
Oregon OKs CBR terminal expansion
One day after Oregon denied a permit for a coal export terminal on the Columbia River, a separate state body has approved plans to expand a crude-by-rail (CBR) transfer terminal…
DOT NPRM helps bump up freight car builder stocks
The U.S. Department of Transportation’s Notice of Proposed Rulemaking on DOT 111 tank cars for crude oil and HHFTs (High-Hazard Flammable Trains), specifically the NPRM’s proposal for phasing out older,…
DOT crude oil NPRM: Will cooler heads prevail?
A recent call-in forum on crude by rail conducted by Cowen and Company Managing Director and Railway Age Contributing Editor Jason H. Seidl “helped affirm our view that the final version…
Tank Car of the Future among more Greenbrier railcar contracts
Not including orders for 7,000 new railcars worth $700 million announced May 21, 2014, Greenbrier has been awarded contracts for 7,700 cars from multiple buyers valued at more than $960…
Safety-driven railway realignments
As railroaders, regulators, suppliers, and crude oil shippers convene at the Railway Age Crude by Rail Conference on June 12, they may ponder the full range of proffered remedies to exploding…
UBS: “No collapse in tank cars imminent”
“Tank car concerns are creating quite a stir,” says Eric Crawford of UBS Investment Research, commenting on the tank car market.
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