Seeking Alpha

Cars from derailed oil train still on fire four days after accident

  • The Canadian National Railway (CNI) train whose cargo included gas and crude oil is burning for a fourth day in New Brunswick as crews work to remove he last derailed freight cars adjacent to the fire (earlier)
  • It's not clear whether the crude tanker still burning is the older DOT-111 model or a newer model that complies with stricter voluntary standards for tankers
  • Separately, newly released documents show CNI argued against an emergency provision implemented after the Lac-Megantic disaster requiring that trains loaded with dangerous goods such as crude oil never be left unattended.
Comments (5)
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    http://seekingalpha.co...
    10 Jan 2014, 09:31 PM Reply Like
  • maybenot
    , contributor
    Comments (4688) | Send Message
     
    I'm still not happy.

     

    I wanted the price of CNI to take a hit from this. No such luck.

     

    Ah well...
    10 Jan 2014, 11:54 PM Reply Like
  • Davin Research
    , contributor
    Comments (292) | Send Message
     
    I think the small hit CN took will be as big as it gets in the near future.
    11 Jan 2014, 11:37 PM Reply Like
  • maybenot
    , contributor
    Comments (4688) | Send Message
     
    yeah, it looks that way.
    11 Jan 2014, 11:40 PM Reply Like
  • ron48309
    , contributor
    Comment (1) | Send Message
     
    I don't quite understand. Won't they be sued, just like any other company, for some type of oversight or mistake made during this accident?
    17 Jan 2014, 03:58 AM Reply Like
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