Monday, April 27th13.2°C
25858
25546

Time to 'aggressively phase out' old, unsafe tank cars carrying oil, says CN

OTTAWA - The head of safety for CN Rail says the railway industry wants to phase out older model tank cars that have been implicated in several recent accidents.

But the consensus at a forum on rail safety in Ottawa was that there's no quick fix for a decades-old problem that has almost 80,000 sub-standard tank cars carrying flammable liquids on North American tracks — and that the cost will eventually be borne by consumers.

A derailment and fire involving a CN train in northwestern New Brunswick last week has renewed calls for greater safety in the booming oil-by-rail trade, which became an international cause following last summer's disaster in Lac-Megantic, Que.

Transport Minister Lisa Raitt responded on the weekend by promising the government will formalize the standard for new tank car construction voluntarily adopted by the rail industry in October 2011.

But governments in Canada and the United States have been reluctant to deal with the huge number of older cars, known as DOT-111s, in part because of the cost and logistics of an overhaul.

Malcolm Cairns, the past president of the Canadian Transportation Research Forum, says government intervention will likely be needed to force the tank car leasing industry — which owns about 75 per cent of all tankers used in North America — to take on the billion-dollar-plus cost of retrofitting older cars to new safety specifications.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15344.08-64.25
S&P CDNX690.10-7.60
DJIA18037.97-42.17
Nasdaq5060.25-31.84
S&P 5002108.92-8.77
CDN Dollar0.8264-0.0006
Gold1199.90-3.40
Oil56.30-0.69
Lumber255.00-1.20
Natural Gas2.471-0.019

 
Okanagan Companies
Pacific Safety0.08-0.04
Knighthawk0.010.00
QHR Technologies Inc1.40+0.02
Cantex0.035+0.005
Anavex Life Sciences0.395-0.035
Metalex Ventures0.095+0.000
Russel Metals27.05-0.11
Copper Mountain Mining1.25+0.10
Colorado Resources0.10+0.01
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.19-0.01
Decisive Dividend Corporation1.80+0.10

 



24947

FEATURED Property
1926928lakefront Acreages on South Arrow Lake only minutes to Castlegar
$449,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



26091

25482


Member of BC Press Council


24843