FirstEnergy Settles Coal Transport Dispute
U.S. power company FirstEnergy Corp agreed to pay $109 million to settle a legal dispute with two railroads concerning a long-term coal transportation contract, the Ohio based company said in a federal filing on Wednesday. FirstEnergy said its FirstEnergy Generation…
Big Dakota Pipeline to Upend Oil Delivery in US
It may seem odd that the opening of one pipeline crossing through four U.S. Midwest states could upend the movement of oil throughout the country, but the Dakota Access line may do just that. At the moment, crude oil moving out of North Dakota's prolific Bakken shale to "refinery row" in the U.S.
CSX: Q4 EPS Down on Weak Coal Freight
U.S. railroad CSX Corp said on Wednesday that its earnings per share for the quarter should be down slightly versus the previous year, primarily due to an expected 20 percent decline in coal freight volumes. Coal freight across the sector this year has been affected…
As Coal Wanes, Consumers Key for U.S. Rails
Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending. Their bet is that a strengthening economy will produce enough…
Train Lobby Pushes to Weaken Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields.
Thousands Evacuated After Freight Train Derails, Catches Fire
A freight train carrying flammable and toxic gas derailed and caught fire in Blount County, Tennessee, on Thursday, prompting the evacuation of more than 5,000 people, fire officials and rail company CSX Corp said. Seven emergency workers were hospitalized after being exposed to chemical-laden fumes from the blaze…
New DOT Brake Rule Angers Rail Industry
U.S. regulators took on the powerful rail industry on Friday, announcing plans to require expensive, high-tech braking technology the railways insist is unproven and unreliable. Regulators say the new electronically controlled pneumatic (ECP) brakes could reduce the severity of crashes, preventing pile-ups.
Cleanup Continues After Derailed CSX Train Spills Oil
A cleanup was continuing in the Kanawha River in West Virginia on Sunday after an oil spill last week following the derailment of a CSX Corp train, though drinking water was not affected, the company and federal officials said. Twenty seven of the train's 109 cars…
Derailed CSX Train Hauled Newer-Model Tank Cars
A CSX Corp oil train that derailed and erupted in flames in West Virginia on Monday was hauling newer model tank cars, not the older versions widely criticized for being prone to puncture, the firm said. All of the oil tank cars on the 109-car train were CPC 1232 models, CSX said late Monday.
CSX Train Hauling North Dakota Crude Derails
A CSX Corp train hauling North Dakota crude derailed in West Virginia on Monday, setting a number of cars ablaze, destroying a house and forcing the evacuation of two towns in the second significant oil-train incident in three days. One or two of the cars plunged into the Kanawha River…
Oil Trains Face Test in New US Safety Rules
North Dakota's Bakken oil patch has thrived thanks in large part to the once-niche business of hauling fuel on U.S. rail tracks. New safety rules may now test the oil train model. Within weeks, the Obama Administration is due to unveil a suite of reforms that will…
Dozens of Trains Haul Volatile Bakken Crude Weekly
As many as 44 trains loaded with volatile Bakken crude oil are being sent through the state of New York each week, according to confidential disclosures made by railroads to state emergency responders, and released to Reuters through a Freedom of Information Law request.
Oil on Derailed Train Belonged to Plains All American
The Bakken oil shipment aboard the CSX Corp train that derailed and burst into flames in Virginia on Wednesday belonged to midstream energy firm Plains All American LP, according to three industry sources. Plains All American did not respond to repeated requests for comment.
Washington Crude Railport Project Delayed
Tesoro Corp's plan for a crude oil rail-to-barge project at the Port of Vancouver in Washington has been delayed as the company awaits state requirements for an environmental impact statement (EIS), Chief Executive Greg Goff told analysts on Thursday. The estimated…
