Thursday, April 17th8.4°C
19345

Irving Oil to convert fleet of crude oil railcars to meet U.S. standards

SAINT JOHN, N.B. - Irving Oil says it will convert its fleet of crude oil railcars to comply with U.S. recommendations for DOT-111 tank cars built after Oct. 1, 2011.

The Saint John-based company says it will complete the conversion by April 30 and it will require the removal of older-model railcars from service.

Specifications out by the Association of American Railroads call for railcars built after October 2011 to be constructed with reinforcements that have been reported to reduce the risk of product loss if the railcars derail.

The DOT-111 railcars came under scrutiny because they were the same model involved in the derailment in Lac-Megantic, Que., last summer that killed 47 people and incinerated the town's downtown core.

Investigators said 60 of 63 railcars carrying oil that left the tracks in that disaster spilled their contents because of tank car damage.

Irving Oil says it will also ask its suppliers to adhere to the American standards by Dec. 31.

The Canadian Press


Read more Business News

20225


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.9085+0.0001
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 
19691


21115

FEATURED Property
1650659#65 2098 Boucherie Road
2 bedrooms 1 baths
$64,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...

_



21641

21641


Member of BC Press Council


21202