Friday, May 22nd16.3°C
26329
25263

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

26180


Recent Trending




Today's Market
S&P TSX15203.61+130.78
S&P CDNX700.51+5.09
DJIA18285.74+0.34
Nasdaq5090.79+19.05
S&P 5002130.82+4.97
CDN Dollar0.8200+0.0005
Gold1203.80-5.10
Oil57.45-1.98
Lumber268.90-0.70
Natural Gas2.96+0.01

 
Okanagan Companies
Pacific Safety0.135+0.010
Knighthawk0.010.00
QHR Technologies Inc1.45+0.00
Cantex0.03-0.01
Anavex Life Sciences0.372+0.032
Metalex Ventures0.09+0.01
Russel Metals25.82+0.02
Copper Mountain Mining1.41-0.02
Colorado Resources0.10-0.00
ReliaBrand Inc0.0097-0.0003
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.000
Decisive Dividend Corporation2.20+0.60

 



26396

FEATURED Property
2142881#404 770 Rutland Rd.
2 bedrooms 2 baths
$224,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_





26363


Member of BC Press Council


25334