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CSX not concerned about new oil train regulations
2015-04-20 22:19:12| Railroads - Topix.net
An emergency order from the Department of Transportation requiring trains carrying crude oil to slow down could have some major effects - including further regulations and involvement from DOT, Congress and even the White House - on the industry, but CSX Corp. doesn't seem overly concerned. In a phone interview with CEO Michael Ward on Wednesday - two days before the emergency order called for trains carrying oil or ethanol to slow down to 40 miles per hour while in congested areas - Ward said that the industry had already agreed to slow trains carrying oil to 40 miles per hour in high-risk areas.
Tags: oil
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regulations
Category:Transportation and Logistics
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