Crude by Rail in U.S. May Be Slowed on Closer Reviews

Crude oil being shipped by rail in the U.S. may be slowed or even rerouted after a meeting today in Washington between regulators and officials from the rail and oil industries.

The industry agreed to spend the next 30 days examining whether crude-hauling trains should be rerouted or slowed when moving through risky locations and the safest place to put locomotives when assembling trains, U.S. Transportation Secretary Anthony Foxx said on a conference call with reporters.

A series of accidents since July, most recently a crash of a BNSF Railway Co. train carrying Bakken formation crude in North Dakota last month, sparked the meeting.

“The industry is responding. We look forward to working with the industry in a collaborative way going forward,” Foxx said. “We will continue assessing our role from a regulatory standpoint going forward, but today the industry stepped up.”

To contact the reporter on this story: Angela Greiling Keane in Washington at agreilingkea@bloomberg.net

To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net

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