- Canada's transportation safety agency says inadequate Canadian government oversight and a now-defunct railway company's "weak safety culture" were among a host of factors that led to last year's devastating oil train derailment in Quebec.
- The agency, which issued its final report on the accident that killed 47 people, says a similar catastrophe could happen again unless more measures are taken to boost rail safety, as crude-by-rail shipments in Canada and the U.S. skyrocket as energy companies try to compensate for a lack of pipeline capacity.
- The report says “all older Class 111 tank cars must not transport flammable liquids, and a more robust tank car standard with enhanced protection must be set for North America."
- Shares of companies that manufacture railway cars finished mostly higher today: ARII +2.6%, GBX +2.3%, TRN +1.8%, RAIL -0.2%.
Canada oil train accident report says new safety measures needed
From other sites
at CNBC.com (Sep 22, 2014)
at CNBC.com (Sep 4, 2014)
at CNBC.com (Jul 2, 2014)
at CNBC.com (May 23, 2014)
at CNBC.com (May 13, 2014)
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