A methodological framework was outlined for the comprehensive risk assessment of marshalling yards in the context of quantified area risk analysis. Three accident typologies were considered for yards: (i) "in-transit-accident-induced" releases; (ii) "shunting-accident-induced" spills; and (iii) "non-accident-induced" leaks. A specific methodology was developed for the assessment of expected release frequencies and equivalent release diameters, based on the application of HazOp and Fault Tree techniques to reference schemes defined for the more common types of railcar vessels used for "hazmat" transportation. The approach was applied to the assessment of an extended case-study. The results evidenced that "non-accident-induced" leaks in marshalling yards represent an important contribution to the overall risk associated to these zones. Furthermore, the results confirmed the considerable role of these fixed installations to the overall risk associated to "hazmat" transportation.