Whopping $1,000 surcharge to be applied to DOT 111’s
Bloomberg News reports that BNSF Railway Co. plans to offload the risk of using older crude tank cars onto shippers. Shippers of DOT 111s – older crude tank cars – will feel the pain at the pump as their bottom line is impacted to the tune of approximately $1.50 per barrel simply for using these older tank cars. BNSF’s move – which will be effective January 1 – follows other railway companies imposition of surcharges. These charges are reportedly designed to encourage shippers to use tank cars built to higher safety standards.
For more information about this topic, check out the Bloomberg News article here.