HOUSTON—With 6 derailments of crude carrying trains this year the industry has been hit by regulators with increased safety demands to prevent and reduce impacts of future incidents.
An estimated 150,000 rail cars are being phased out to be replaced by the preferred Department of Transportation-117 designs. Retrofitting these cars to the new specifications is no easy feat, however. Shop capacity and timelines are making the task difficult.
Train speed limits, tank car availability and capacity as well as liability and insurance will have a monumental impact on shipment timings and pricing, according to American Business Conferences. The organization says it is vital that these costs and future changes are accurately calculated to analyze the future viability of rail as a method of product takeaway.
With the Oct. 1 deadline for enhanced standards for new and existing rail cars looming, stakeholders in the entire supply chain are looking to iron out their questions and concerns about the new guidelines.
The Annual Crude & Hazardous Liquids By Rail Safety Congress will take place later this summer and discuss these key areas:
Key speakers include The National Transportation Safety Board, Sunoco Logistics, National Steel Car, National Resource Council Canada, AFPM, Railway Suppliers Institute, Southwest Association of Rail Shippers & many more