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.
