Reuters 7/21/18:
Oil industry concerned over BNSF's move to limit retrofit tank cars
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NEW YORK (Reuters) - U.S. refiners and producers are seeking ways to counter efforts by BNSF Railway Co [BNISF.UL] to limit use of retrofitted oil tank cars following an Iowa derailment last month, Reuters has learned.
The crackdown by the country’s largest railroad, owned by Warren Buffett’s Berkshire Hathaway Inc, could take thousands of tank cars off a key rail line at a time when producers and refiners are scrambling to hire them.
Demand for oil tanker cars has surged in recent months as oil production in the largest U.S. and Canadian oil plays has outpaced pipeline capacity. . . .
