tank cars

DOT-117 defined

The wait for a new tank car specification is over. Now comes the “fun” part: Retrofits to older cars, and potentially onerous operating rules.

Tank car builders don’t agree on DOT-111 obsolescence timeline

Tank car builder The Greenbrier Companies is urging the White House Office of Management and Budget to disregard advice by the company’s own industry trade group, the Railway Supply Institute-Committee on Tank Cars (RSI-CTC), and proceed full speed ahead with the U.S. Department of Transportation’s proposed schedule for fleet renewal.

FRA: Tank cars must upgrade valves

Under a fairly intense political spotlight spurred by a series of high-profile rail incidents involving crude-by-rail (CBR) shipments, the Federal Railroad Administration (FRA) has issued a “Railworthiness Directive requiring railroad tank car owners to replace unapproved valves currently installed in some tank cars.”

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 the U.S. DOT Pipeline and Hazardous Materials Administration’s Notice of Proposed Rulemaking on tank cars carrying flammable liquids. Wall Street analysts attributed the stock plunge (which also affected American Railcar Industries, down 5.8%) to investor wariness over an “oil tank car rule fight.”