From The Hill:
The National Transportation Safety Board (NTSB) is warning a "major loss of life" is likely unless tougher regulations on oil-by-rail shipment are introduced.For some backround see November's "Uh Oh: "Oil tank-car makers may have overestimated demand." (ARII; TRN; GBX)".
The agency's warning follows a spate of high-profile derailments of trains that were carrying crude oil, most recently in North Dakota and Quebec.
The NTSB said Thursday it was "concerned" a "major loss of life, property damage and environmental consequences" could occur, if large volumes of crude or other flammable liquids are involved in an rail accident.
Over the last year all the manufacturers have outperformed the S&P: