HOUSTON, July 23 Crude train speeds limited to
25 miles to 30 miles per hour would be "extraordinarily
disruptive" to all rail business, not just the movement of oil,
Norfolk Southern Corp Chairman and Chief Executive
Officer Charles Moorman told analysts on Wednesday.
The U.S. Department of Transportation was expected on
Wednesday to propose rules regarding oil-by-rail, including tank
railcar safety and crude train speeds, followed by further work
before final rules are issued. Moorman said Norfolk Southern
believes it can make the case that 40 mph to 45 mph speeds are
safe and will not disrupt other rail traffic.
"We will have compelling evidence that any significant speed
restriction would be in fact disruptive to the point of almost
shutting down the North American rail network," Moorman said.
(Reporting by Kristen Hays; Editing by Jeffrey Benkoe)