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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…
OmniTRAX Canada suspends CBR moves
OmniTRAX Canada said Monday, Aug. 18, 2014 it would "suspend its plans to ship crude oil for the foreseeable future," even as it "anticipates a record shipping season in 2014."
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…
NS aids CBR safety training effort
Norfolk Southern Corp. said Thursday, Aug. 7, 2014 it recently sponsored a crude-by-rail (CBR) emergency response class at the Association of American Railroads' Security and Emergency Response Training Center (SERTC)…
RSI: 2Q railcar orders, deliveries flex muscle
The Railway Supply Institute on Friday, July 18, 2014, released its railcar industry order, delivery, and backlog statistics for the second quarter, with the data showing strong growth, which one…
Canada TSB clears interim CBR reforms
Canada's transportation accident investigators gave the country's rail regulator, Transport Canada, a passing grade on interim emergency directives introduced in April to reduce the chances of crude oil train explosions…
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