Rail claims that it faces a number of disadvantages as the primary means of transport for the goods. For starters, its insurance coverage is limited. Rail companies can't get insurance to cover the cost of potential accidents. So, rail companies -- and their shareholders -- remain open to a "bet the company" risk in the transportation of these goods.
When Ed Burkhardt, chairman and CEO of Montreal Maine and Atlantic Railway (MMA), arrived in Lac-Mégantic Wednesday to face the media, he was slammed for being lacking. But the very fact that Ed Burkhardt showed up in person in Lac-Mégantic was exceptional and extraordinary. There was an astonishing and complete lack of "PR spin."