DOT 111 Tank Cars To Be Phased Out

Reuters reports that CN will phase out the ownership and leases of DOT-111 Tank Cars:

http://www.reuters.com/article/2014/03/ ... E920140325" onclick="window.open(this.href);return false;

Brief passage:

• Canadian National Railway Co. will phase out its fleet of 183 older tank rail cars used to transport diesel fuel over the next four years, as it works to improve safety following a string of industry accidents involving the puncture-prone cars.
  The company, Canada’s largest rail operator, said on Tuesday it will spend C$7 million (US$6.26 million) to replace the 40 legacy DOT-111 tank cars that it owns with new cars that meet the latest regulatory standards, by the end of this year.

Within the article, it is further reported that CN will be bound to the rules set forth in the AAR OT-55-N regarding operating practices for trains handling crude oil.

http://www.boe.aar.com/CPC-1258%20OT-55-N%208-5-13.pdf" onclick="window.open(this.href);return false;

40 cars? I mean, it's a start but don't the leasing companies own many more?

There are two kinds of Dot-111s, the older ones and those built after October 2011. The ones after 10-11 have to meet cpc-1232
safety standards. that includes head shields,double shelf couplers,top fitting roll over protection,bottom protection, and half inch steel.

Just guessing that the phase out only applies to those older cars built before 10-2011.
CN is/was charging an extra 5% to use the older cars.