Railroads to Slow Oil Trains in Urban Areas Under U.S. Agreement

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Railroads agreed with U.S. regulators to slow trains hauling crude oil and install safety equipment in response to derailments including an accident and explosion in Canada that killed 47 people.

The Association of American Railroads, representing companies including Berkshire Hathaway Inc.’s BNSF Railway Co., said its members will reduce speeds of certain trains carrying crude. Trains with at least 20 cars, including a model linked to the accidents, will slow to 40 miles (64 kilometers) per hour or less near 46 urban centers areas deemed as high risk.