Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM

The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced a flurry of commentary and analysis, with varied opinions.

NSC’s new crude oil “slick”

National Steel Car, which has been building freight cars in Hamilton, Ont., for 102 years, has entered the railroad tank car market with a 31,800-gallon DOT-111 “slick” (non-jacketed, non-coil) general-purpose (non-pressure) model built to AAR P-1577/CPC-1232 safety standards with half-head end shields and AAR-required rollover protection.

Re-inventing the DOT 111

Railcar suppliers gear up to meet demand for safety-first tank cars.

Aziz released on bail following indictment on fraud charges

Indicted on 10 counts of securities fraud by an Alabama grand jury and facing up to 10 years in prison on each count if convicted, National Steel Car chief executive Gregory James Aziz was released from an Olbert County, Ala., prison on Friday, Nov. 22, 2013, after posting bail.