As Oil Railway Accidents Continue, DOT Primes New Regs

Law360, New York (May 19, 2014, 5:19 PM EDT) -- Following recent derailments and explosions of railway tankers carrying crude oil, the National Transportation Safety Board ("NTSB") held the "Rail Safety: Transportation of Crude Oil and Ethanol Forum" on April 22 and April 23 in Washington, D.C., to discuss recent accidents and provide safety recommendations for transportation of crude oil and ethanol. Two weeks later, on May 7, 2014, the U.S. Department of Transportation issued an emergency order requiring railroads transporting 1 million gallons or more of crude oil produced from the Bakken formation region to provide certain notifications.

Changes Affecting the Railroad Industry

The emergency order requires affected railroads to file disclosures...

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