Approximately 85% of current 111A tank cars used to transport hazardous commodities must be retrofitted or phased out.
Woodland Hills, CA (PRWEB) May 28, 2014
Infocast, the leading business intelligence and networking events producer in the oil and gas industry, is proud to announce the Petrochem Tank Car 2014 Summit, scheduled on June 24, 2014, in Houston, Texas, and conveniently co-located with Infocast's popular ShaleRail Summit.
Usage of petrochem tank cars has skyrocketed. A spate of recent high-profile tank car accidents have placed tremendous pressure on the U.S. Department of Transportation to improve regulations. Approximately 85% of current 111A tank cars used to transport hazardous commodities must be retrofitted or phased out. These regulations will impact all stakeholders across the rail supply chain and present major capacity issues, increased manufacturing and transportation costs, and logistical bottlenecks in getting commodities to costal refineries. Only those who fully understand the coming rail tank car regulations and standards, and their impacts on the rail industry will be able to competitively position themselves for tomorrow’s business environment.
Infocast’s inaugural Petrochem Tank Car 2014 Summit will provide the latest information on the new rail tank car standards and regulations and how they will impact capacity, efficiencies and costs of transporting flammable liquids, like crude and ethanol. Railroads, shippers, rail car manufacturers, rail supply and equipment leasing companies, terminal managers, refineries, 3PL and logistics providers, financiers, midstream/MLPs and consultants will come together to explore costs involved in the retrofitting process, examine the impact on current tank car build out and availability, and assess the opportunities for rail car investment needed to navigate through this evolving business environment.
The co-located event Shalerail 2014 Summit takes place on June 25-26, 2014, in Houston, Texas.
For more information, to register or to join as a sponsor, visit the event website at http://www.infocastinc.com/petrochem or contact Infocast at 818-888-4444.
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