Obama admin to back speed limits in new rules for trains hauling oil

WASHINGTON, D.C. (Bloomberg) -- The Obama administration will propose train speed limits and studier rail tank cars as part of a set of new rules intended to reduce the risks of hauling crude oil, two people familiar with the plan said. The draft proposal, which follows a series of fiery accidents, will also require improved braking systems as well as testing of crude oil before being loaded, the two people said.

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