If you want to carry crude oil in an older railroad car, it’s going to cost you.
Fort Worth-based BNSF Railway, the largest U.S. crude-by-rail carrier, is offering lower rates to lug oil in cars that meet the latest federal specifications issued in May. That means the vast majority of cars riding the rails today, known as DOT-111 and CPC-1232, will cost more to haul.
The new rates are part of a plan by the railroad, owned by Warren Buffett’s Berkshire Hathaway, to push older cars off the tracks as regulators scrutinize the industry over a series of high-profile derailments and explosions. To that end, BNSF published higher rates for older cars relative to more advanced models, such as the DOT-117, said spokesman Michael Trevino.
Read more from Star-Telegram.
Related News
- Assembly, No. 1672
- SMART-TD’s Public Comment Opposing CSX’s “Zero-to-Zero” Push
- Local 435, North Florida Building Trades win big on Jacksonville Jaguars stadium
- SMART Mobile App Flyer
- House Docket, No. 2682
- FRA Waivers for Autonomous Rail Testing
- Riders resist driverless technologies in Chicagoland
- Chicago Transportation Survey-Driverless Technology
- National Negotiations advance with NRLC meeting on Jan. 23
- Union organizes holiday cheer throughout the nation