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Tank Car Maker Controlled by Carl Icahn Suing Railroad Regulators

Carl Icahn’s new role advising President-elect Donald Trump on regulatory matters comes as a tank car manufacturer he controls is suing railroad safety regulators.

American Railcar Industries Inc. sued the Federal Railroad Administration last month after the agency ordered that hundreds of tank cars the company built be tested for leaks. The FRA order also affects tank cars made by another Icahn-controlled firm, ACF Industries LLC.

In a Nov. 28 letter to the agency filed with the court complaint, ARI Chief Executive Jeffrey Hollister wrote that the agency exceeded its authority to compel such a broad inspection based on a leak in a single tank car that was detected in 2014. The directive calls for all the company’s tank cars to be visually inspected before going into service and for hundreds of the cars with the greatest use to get comprehensive shop inspections.

The agency insists it is using authority under its “objectively reasonable and articulable belief” that a class of...


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