This is one horrific accident, and the damages and consequences may play out over months and years. From Tyler Durden at zerohedge.com:
Update (1300ET): During a press conference, the NTSB referenced a video from Salem, Ohio, about 20 miles from East Palestine which shows sparks and flames emitting from beneath the train. The apparent structural issue with the train was captured on a security camera when it was travelling through Salem. According to Michael Graham, board member on the NTSB, two videos they had obtained were indicative of mechanical issues attributed to the rail car axles which likely led to the derailment.
The second video obtained from when the train was passing through Salem was recorded by a processing plant nearby a hotbox detector which scans the temperature of the axles as trains pass by. According to Graham, the wayside defect detector reading resulted in an alarm alerting the crew of a mechanical issue shortly before the derailment in East Palestine. Consequently, that alert forced the train to execute an emergency brake application which may have been the cause of the derailment. Presently, the NTSB is reviewing the trains data and audio recordings in order to examine the cause of the derailment and which hotbox detector indicated a mechanical error preceding the accident. The NTSB is expected to issue a preliminary report on its findings within 30 days.