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CSX CEO says oil train derailment in Canada offers lessons, but he’s not sure new rules needed

OMAHA, Neb. – CSX railroad’s CEO says the industry will learn from the terrible oil train derailment in Canada that is presumed to have killed 50 people, but he’s not sure if the accident will inspire new regulations.

Michael Ward offered his condolences Wednesday to everyone affected by the July 6 crash of an oil-laden train into the Quebec town of Lac-Megantic.

Ward says emergency workers did a great job responding to the accident.

But Ward says that until investigators determine what caused the crash, it won’t be clear whether new regulations are needed.

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