78 Killed in Spain Train Derailment

This tragic and horrifying moment is being reported as Spain's worst rail crash in decades, killing at least 78 people and leaving more than 140 injured.

According to Fox News Latino, the conducter of this passenger train, which derailed and crashed on Wednesday, said he was traveling at more than 118 miles per hour. That is more than double the allowed speed limit of 50 miles per hour.

The high speeds caused the train to jump the tracks, sending eight eight train cars crashing into one another.

The New York Times reports that the train, which had a total of 218 people on board, derailed as Santiago de Compostela in northwest Spain prepared for an annual festival that was canceled as local people tried to absorb the scale of the disaster. 

Read page 2 for more on this developing story, including raw footage.