A danger to our citizens and our communities. Secretary fox announced the rule making for the safe transport of crude oil in july of 2014. Were still waiting for those final rules but the longer we delay, the more that lives are actually in danger. And those standards call for tank cars both retro fitting old cars and building new ones for tank car thickness the length of time how long the shippers have to refurbish or build new cars and the speed and routes which these trains take, all of this is in this rule making. I think its critical for us to get some certitude in terms of what the new rules are going to be. So mr. Brown, and mr. Lonegro, just a question to the two of you. About a year ago, jenese whoa eming train carrying 2. 7 million gallons of crude oil derailed in alabama, derailed and spilled oil all over the wet lands. I want to ask to see what your company is doing to make sure that is not happening again. And last year a scx train auto derailed in virginia and spilled 30,
Coal. Well, in terms of the various commodities that you mentioned often they are in different types of equipment. Cole is handled in coal cars and oil is handled in tank cars and agriculture are certainly in covered hoppers. So its different types of equipment. We certainly endeavor to have the available supply of cars either through our car 1 partners or those that we provide ourselves for our customers to be able to move the amount of commodity that they wish to ship. As that grows we try to keep pace with additional equipment throughout the various market segments. So in terms of the oil business, we know that price is reduced the volume has lessened greatly so in some cases we have some of those cars in a storage status but maybe mr. Lonegro deals with it on a much larger scale than i do. Thanks. David is right they all move in different pieces of equipment. In the crude situation specifically, the grand majority of those are privately owned by the shippers not by any of the railr
Serve, there are brighter days ahead. There is an important economic convergence going on in South Carolina today. On one side we have a growing economy with more of our people working than ever before. With unemployment down to rate wes havent seen in many years. With people moving from welfare to work by the tens of thousands and with new Companies Moving in or starting up all the time, it is indeed a great day in South Carolina. [ applause ] but how did get there . There are several factors including our business regulatory approach our right to work laws and our Strong Economic Development and recruitment efforts but also no question our tax system plays an important part in our economy too. Our economic competitiveness as a state is in really good shape. But the nature of competition is that just when you think you are doing well, your competitors are gaining on you. In order to continue our states remarkable progress, we must take further steps to improve our standing. We are com