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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…
Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced…
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…
Transport Canada toughens CBR safety regs
Trains carrying 20 cars or more of crude oil or ethanol must not exceed 50 mph under a new directive issued by Transport Canada on Wednesday, April 23, 2014, and…
New tank car builder coming on line
West Brookfield, Mass.-based freight car lessor Boxcar Services LLC has merged with Vertex Rail Technologies LLC to form Vertex Rail Manufacturing. Beginning in second-quarter 2014, Vertex Rail will manufacture tank…
CBR: CN, CP charging more for pre-CPC-1232 tank cars
CN is charger a higher rate to move crude oil in DOT-111 tank cars built prior to October 2011, when Association of American Railroads CPC (Casualty Prevention Circular)-1232 safety standards…
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