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Canadian National raises rates for using older oil tank cars

(Source: Reuters, February 12, 2014)

CALGARY -- Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions.

Confirmation of a tiered fee structure for different models of tank cars comes amid intensified scrutiny on the safety of shipping volatile light crudes by rail, spurred by a series of explosions including the Lac-Megantic disaster last summer, in which a runaway crude train exploded in the center of a Quebec town, killing 47 people.

Full story: Reuters

Thursday, February 13, 2014

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