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Daily Headlines
Editorial: Commitment to America’s passenger rail system is long overdue
(Source: Providence Journal editorial, May 5, 2015) PROVIDENCE, R.I. — We hope lawmakers can look beyond the inglorious recent history of American passenger rail and provide an overdue reappraisal of its importance. A sound passenger rail system is as important to the...
EPA cites California oil train terminal for violations
(Source: Reuters, May 4, 2015) SAN FRANCISCO — The U.S. Environmental Protection Agency (EPA) has cited Plains All American Pipeline LP's Bakersfield crude by rail terminal with a series of violations, according to a notice made public on Monday. Full story:...
New U.S. rail rules will slow shipping and reduce capacity, BNSF says
(Source: Globe and Mail, May 4, 2015) TORONTO and OTTAWA — New U.S. rules requiring railways to upgrade their brakes or run shorter, slower oil trains will reduce capacity on the rails and hinder shipments of other goods, BNSF Railway Co. says. Full story: Globe and...
Canadian oil trains shift to carry less-volatile crude
(Source: Reuters, May 5, 2015) NEW YORK — A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of crude down more than 40...
Crude oil regulations sabotage Freedom of Information Act
(Source: Forbes, May 4, 2015) NEW YORK — New regulations from the U.S. Department of Transportation declare that details about crude oil rail shipments are exempt from public disclosure. This ends DOT’s existing regulations that required railroads to share with state...
Editorial: New oil train safety rules move way too slowly
(Source: Globe and Mail editorial, May 4, 2015) TORONTO — The slow progress of the regulations only benefits industry. Transport Canada and its U.S. counterpart should have demanded quicker change. Instead, they have told the rail industry that there is an acceptable...
New oil train rules criticized from many sides
(Source: New York Times, May 1, 2015) NEW YORK — Ending months of uncertainty and delays, federal regulators on Friday unveiled new rules for transporting crude oil by trains, saying the measures would improve rail safety and reduce the risks of a catastrophic event....
BNSF CEO Rose describes Berkshire Hathaway relationships as ‘happy marriage’
(Source: CNBC, May 2, 2015) NEW YORK — Rail giant BNSF Railway was Berkshire Hathaway's biggest purchase ever in 2010 at $34 billion, and is currently the largest entity in its portfolio to date. So is there a lot of pressure to perform when you're reporting to Warren...
Billionaire Warren Buffet celebrates half-century at Berkshire Hathaway
(Source: Sydney Morning Herald, May 4, 2015) Warren Buffett, the billionaire investor and philanthropist, has just celebrated a half-century as chief executive of his business at a time when others in the same position are lucky to reach double figures. Full story:...
Amtrak, CSX sue trucking company in March 9 grade crossing accident that injured 55
(Source: Associated Press, May 2, 2015) RALEIGH, N.C. — A lawsuit filed Friday by Amtrak and CSX alleges that a trucking company caused a March train derailment that injured 55 people by failing to take safety precautions or warn that the track was blocked. Full...
