by Gilbert B Norman
First there was Megantic, now Aliceville.
While there have been crude oil derailment incidents occurring on Class I (One) properties, they do not seem as severe as those occurring on Class II's (Two). This has started to have this 'industry observer' (yes, I have had my railfanning days in the past; but past is past) question if the Class II simply have the institutional infrastructure to handle this visible, and it would appear considerably more volatile than generally thought, commodity.
To what extent did Montreal Maine and Atlantic have a 'PR Shop' on speed dial to respond to Megantic was it really the wisest course to have your American CEO travel to the Canadian scene, show off his 'A-game' public relations skills, and in the process pin the blame on his Canadian employee, the Locomotive Engineer? The question has to be raised if Genesee & Wyoming has the institutional infrastructure to handle Aliceville.
Now Aliceville will fade from the headlines; to date, I have only seen staff reporting by the Wall Street Journal; other has been from wire services such as Reuters. There were no personal injuries, the incident occurred in a remote area, the spill will be contained, although the environmental community will be quick to tout that the Tombigbee River has been contaminated and so of course has the entire chain of waterways into which it feeds.
But the question lingers: will the activities of these Class II's adversely affect the glow of the most promising new source of traffic the industry has developed but with the potential losses from coal (41% on the ton miles 22% of the revenue) and PANAMAX it badly needs or will this latest incident simply fade off page one and transport of crude oil by rail continue to grow
Finally, here is Genesee & Wyoming's 'communique' regarding the Aliceville incident, it appears to be presented in a straight forward 'just the facts, Ma'am' manner.
http://www.gwrr.com/about_us/Aliceville" onclick="window.open(this.href);return false;
While there have been crude oil derailment incidents occurring on Class I (One) properties, they do not seem as severe as those occurring on Class II's (Two). This has started to have this 'industry observer' (yes, I have had my railfanning days in the past; but past is past) question if the Class II simply have the institutional infrastructure to handle this visible, and it would appear considerably more volatile than generally thought, commodity.
To what extent did Montreal Maine and Atlantic have a 'PR Shop' on speed dial to respond to Megantic was it really the wisest course to have your American CEO travel to the Canadian scene, show off his 'A-game' public relations skills, and in the process pin the blame on his Canadian employee, the Locomotive Engineer? The question has to be raised if Genesee & Wyoming has the institutional infrastructure to handle Aliceville.
Now Aliceville will fade from the headlines; to date, I have only seen staff reporting by the Wall Street Journal; other has been from wire services such as Reuters. There were no personal injuries, the incident occurred in a remote area, the spill will be contained, although the environmental community will be quick to tout that the Tombigbee River has been contaminated and so of course has the entire chain of waterways into which it feeds.
But the question lingers: will the activities of these Class II's adversely affect the glow of the most promising new source of traffic the industry has developed but with the potential losses from coal (41% on the ton miles 22% of the revenue) and PANAMAX it badly needs or will this latest incident simply fade off page one and transport of crude oil by rail continue to grow
Finally, here is Genesee & Wyoming's 'communique' regarding the Aliceville incident, it appears to be presented in a straight forward 'just the facts, Ma'am' manner.
http://www.gwrr.com/about_us/Aliceville" onclick="window.open(this.href);return false;