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
Its comments by mario draghi, which have sent the youeuro lo. All over the map today so far. The point is, its our fourth consecutive down day. Thats right. Were going to keep a close eye on markets. Were seeing the s p 500 selling off by about 22 points. We mentioned the dow off 220 to 161138. The nasdaq losing ground as well, off 68 points in the session today. Lets talk about it in our closing bell exchange. We have heather hughes, greg ip, amy wu, ron weiner, and our own rick santelli. Were going to bring a trader from the floor. You want to bring him over . Come here, warren myers. Come on over. Well get you in place as well. Im going to start with rick santelli. Because of the lack of consensus, mr. Market, on whats causing this selloff today, you know, what do you make of that when nobody can agree on why people are selling equities today . Oh, i dont agree with that at all. Just because you have six different aisles at a supermarket being crowded, its no reason to say you dont