This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Mechanical Error May Have Caused French Crash

The operation is an "extraordinarily difficult technique given that we are in a train station," Pepy said. "For the moment, we don't know how long it could take." He said the operation could last through Sunday, which is the July 14 Bastille Day holiday, and into Monday, stressing the crane's operators will be careful and slow in lifting the cars.

It was not immediately clear whether the damaged cars would be lifted over buildings onto trucks as authorities had indicated â¿¿ or whether the debris would be taken away by rail. There was no immediate sign that the damaged car that was lifted to check for victims had left the tracks.

Pepy, the train authority chief, said investigators found that a 10-kilogram (22-pound) piece of metal he compared to a staple between two rails in a switching system, which guides trains from one track to another, seems to have "detached itself from the rails, lifted and constituted the initial cause of the derailment."

Investigators were looking into how this happened since another train had traveled safely through the station about 30 minutes before. In addition, they were trying to determine why the train's third car was the first to derail.

Pierre Izard, another SNCF official, said the metal piece "moved into the center of the switch and in this position it prevented the normal passage of the train's wheels and it may have caused the derailment."

Although for now it appears track failure was the cause of the crash, Pepy added: "There can be no (definitive) answer in a few minutes, in a few days." He also said that all of the approximately 5,000 metal pieces on switching systems around France will be checked.

The train was about 12 miles (20 kilometers) into its 250-mile (400-kilometer) journey to Limoges.

Passengers and officials in train stations throughout France held a minute of silence at noon to commemorate the accident. Hundreds of thousands of people were expected to take trains this weekend to the coast and mountains and to see family. Summer weekends are always busy on France's extensive rail network, but this one is typically one of the busiest because of Bastille Day.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs