The American Petroleum Institute said strong railcars that do not easily leak in a derailment are important, but the first priority is finding ways to prevent accidents.
“API has led the way in improving the safety of rail tank cars by building since 2011 next generation tank cars that exceed federal standards. These new cars already make up nearly 25 percent of the crude oil tank car fleet and will be 60 percent by 2015. The oil and natural gas industry will continue to work with regulators and the rail industry to make shipment by rail even safer,” API President Jack Gerard said in a statement.
“The domestic energy revolution has given Americans a unique opportunity to take control of our energy future. Families and workers across the country are benefiting from new jobs, greater revenue to the government, and our strengthening energy security.”
The meeting was held in the wake of several recent accidents involving trains carrying crude oil.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now