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Buffett Tank Car Maker Urges New Rules Include Rail Operations

Warren Buffett’s Union Tank Car Co., which makes cars that carry crude oil, is urging U.S. regulators to adopt new rules for rail operations in addition to sturdier tank-car standards to improve safety.

The railroad procedures need more scrutiny because most crude-oil derailments were triggered by rail operators’ actions or their infrastructure, according to a July 11 letter signed by Union Tank Chief Chief Executive Officer Kenneth Fischl and the CEO of lessor GATX Corp, Brian Kenney.