Canadian Pacific follows CN, will add surcharge on older oil tank cars


Canadian Pacific Railway (CP) will begin slapping a surcharge on customers who transport crude in older tank cars, following larger rival Canadian National (CNI) in seeking to deter shippers from using the model involved in a series of fiery crashes, Reuters reports.

CP reportedly will add a $325 "general service tank car safety surcharge" on each car of crude that is shipped in any container other than the CPC 1232 model, effective March 14; earlier this week, CNI said it would raise rates for the older variety of DOT-111 tank cars.

The older cars came into public focus after last summer's fatal crash of a runaway crude train in Lac Megantic, Quebec.

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Comments (4)
  • banmate6
    , contributor
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    I guess this is good news for Trinity, since they make rail cars? Hope so.
    14 Feb 2014, 08:54 PM Reply Like
  • rtrevitt
    , contributor
    Comment (1) | Send Message
     
    ive been trading stocks since December 2007. i got a good look at what research could do in the weeks leading up to October 2008. I skated past washington mutual's supposed gov bailout took my money out due in-part to Barney franks dubious actions saying the market was up and later said it was solid later in the year for Bear sterns but in real world fact checking found that to be a fabrication. I took some hits but ultimatley got buried in March 2009 against the advise to short the market. I want to know know more and learn the fundamentals. I made a fair profit the last two years but want to go pro if one can sound like a twelve year snow boarder. Money is cheap and if democrats hold majority and win the white house in 2016 I feel I better have knowledge and some friends to realize my potential returns. Dems, Republicans, its going to matter in 2016. i need to know or i be out flipping burgers. independent voter searching for stock trading nirvana.
    16 Feb 2014, 09:06 PM Reply Like
  • john masbaum
    , contributor
    Comments (2) | Send Message
     
    I recently read that because of the deadly rail/oil tanker crash in Canada a few months ago, that the Canadian govt. is requiring 55,000 new, safer oil tank cars to be built.

     

    Who is going to build them--Trinity?

     

    John
    27 May 2014, 07:11 AM Reply Like
  • banmate6
    , contributor
    Comments (1501) | Send Message
     
    TRN has been extraordinary. I'm now up 227% since I opened a position in August 20007. Thank goodness for secular North American energy and manufacturing renaissance.

     

    I'm also hoping these regulations result in even greater growth and profits for TRN. We sure are getting lucky. On top of great fundamentals, now we have regulatory positives.

     

    And to think that the PE is still 13. Warren Buffett and Benjamin Graham surely would approve.
    27 May 2014, 10:54 AM Reply Like
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