BNSF to limit retrofit tank cars: Report

A move by a major western Class I railroad to restrict certain tank cars could pinch available capacity as shippers ramp up crude oil volumes. Following a June derailment in Iowa, BNSF Railway is moving to limit the use of older tank cars retrofitted to upgraded DOT 117 federal safety standards, Reuters reported. The move by BNSF comes as lease rates for the new cars have more than doubled since late 2017.

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