GLG News Analyses of the following article:

FRA, private-sector partners to develop federal design standards for stronger chemical-carrying tank cars

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Published at: www.progressiverailroading.com

Toby Kolstad, President

Toby KolstadPresidentRail Theory Forecasts 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Agreement offers solution to tank car lessors, (TRN, GMT, GE)

January 18, 2007

A committee of companies, the Union Pacific Railroad, Union Tank Car, and Dow Chemical, representing their respective industries, agreed to a procedure under the auspices of the Federal Railroad Administration (FRA), to address the safety issues relating to tank cars, especially those handling Toxic Inhalation Hazardous (TIH) Gases. The announcement was overshadowed by the news of a derailment on CSX that resulted in a massive fire and release of hazardous gases. What was not said was that the railroads, mainly the Union Pacific, had relented and abandoned their demand that tank car owners replace all pre-1989 TIH cars within five years.

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