The Financial Post reports in its Saturday, June 8, edition that Canadian Pacific Railway ($129.16) has had six accidents and derailments in recent months, including four during the current quarter. The Post's Scott Deveau writes the latest occurred June 2 when an intermodal train derailed in Northern Ontario. JPMorgan analyst Thomas Wadewitz does not expect much of an impact from the first three incidents during the second quarter, but that the latest one, outside of Sudbury, Ont., would likely be more costly. Several union leaders have raised concerns that the current restructuring at CP may be contributing to the accidents. Mr. Wadewitz is dubious, saying: "The accidents that CP has experienced over the past several months have been due to a variety of factors including wheel failures, track issues and human error. ... We will watch carefully to see if a pattern develops but at this point we do not believe that the derailments point to any broader issue." Mr. Wadewitz estimates the latest derailment will cost railway about $10-million during the quarter, adding to the $10-million to $15-million in expenses from the other three. Mr. Wadewitz rates CP "overweight," with a target price of $153.