Home > Boards > US Listed > Automotive and Transportation > Westinghouse Air Brake Technologies Corp (WAB)

U.S. Tank Car Rule To Require Electronic Train

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
56Chevy Member Profile
Member Level 
Followed By 116
Posts 5,058
Boards Moderated 3
Alias Born 04/10/08
160x600 placeholder
Annual Report of Employee Stock Plans (11-k) Edgar (US Regulatory) - 6/24/2019 5:20:36 PM
Wabtec Declares Regular Quarterly Common Dividend Business Wire - 5/31/2019 11:15:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/24/2019 12:52:16 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/22/2019 3:13:18 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/22/2019 3:11:40 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/21/2019 5:14:58 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 4:17:43 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 1:57:47 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 1:42:22 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 1:40:41 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 1:38:30 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 1:32:37 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 1:28:54 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:53:35 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:50:49 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:48:47 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:46:41 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:44:16 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:40:55 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2019 12:38:49 PM
Wabtec Shareholders Approve Company Proposals at Annual Meeting Business Wire - 5/17/2019 1:05:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/9/2019 12:31:18 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/7/2019 4:41:11 PM
Amended Statement of Beneficial Ownership (sc 13d/a) Edgar (US Regulatory) - 5/7/2019 4:36:56 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/3/2019 5:22:58 PM
56Chevy Member Level  Friday, 05/01/15 12:08:52 PM
Re: None
Post # of 20 
U.S. Tank Car Rule To Require Electronic Train Brakes (5/01/15)

U.S. working closely with Canada on rail rule

U.S. transportation regulators Friday will issue tough new rules for railroads hauling crude oil and ethanol that will require trains be equipped with expensive new brake systems, according to a person familiar with the rules.

The regulations will also require that sturdier tank cars be built for hauling oil, ethanol and other flammable liquids and prescribes upgrades for an estimated 154,500 tank cars already carrying flammables.

The person familiar with the new tank car rules said that trains carrying large volumes of crude oil will be restricted to 30 mile an hour speeds if they don’t have new electronic brakes installed by 2021. Other flammable liquids, including ethanol in high volumes would be speed-restricted after 2023.

The rules, which will be unveiled Friday in a joint announcement by U.S. and Canadian regulators, were tougher than expected. The electronically controlled pneumatic brakes deploy faster than the air brakes now used on freight trains.

Freight railroads maintain that installing them on existing railcars and locomotives would be prohibitively expensive and take years of work fully implement. The cost of installing ECP brakes on an existing railcar is estimated at $8,000 to $10,000, according to rail industry consultants. It wasn’t immediately clear whether Canadian regulators will also require electronic brakes.

The decadelong phase-in requirement for upgrading tank cars already in service is double the time originally suggested by U.S. transportation regulators for completing retrofits. Transportation safety advocates and railcar builder Greenbrier Cos. have said that 10 years is too long and have urged that older cars be upgraded or removed from service sooner.

Several fiery crashes of crude-oil trains, including four this year alone, have ratcheted up pressure on government officials to reduce the risks posed by dozens of crude-oil trains a day traveling through metropolitan areas on their way to refineries.

http://www.wsj.com/articles/u-s-tank-car-rule-to-require-electronic-train-brakes-1430487467?mod=rss_US_News

Marker:
Wabtec Corp. (WAB)
$99.73 UP 5.68 (6.04%)
Volume: 859,123


Learn something new every time you invest...and take it with you to the next opportunity.
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist