07:07:33 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 931,258,863
Close 2023-07-04 C$ 107.84
Market Cap C$ 100,426,955,786
Recent Sedar Documents

Globe/CP say CN, CPKC hear stricter rules needed

2023-07-04 06:46 ET - In the News

See In the News (C-CNR) Canadian National Railway Company

The Globe and Mail reports in its Tuesday, July 4, edition that Transportation Safety Board chairman Kathy Fox recently presented a report on the tragic events of Lac-Megantic in August, 2014. A Canadian Press dispatch to The Globe reports that a slew regulatory changes followed over 10 years. The government banned one-person crews on trains hauling hazardous cargo and set new standards to make tank cars carrying flammable liquids sturdier. It also established stricter accident liability rules, imposed lower speed limits and gave Transport Canada stronger enforcement powers. It has also quadrupled the tally of inspectors of dangerous goods to 188 from 30. Despite new penalties and tougher rules around safety management, experts, such as Lac-Megantic Rail Disaster: Public Betrayal, Justice Denied author Bruce Campbell, say the current regime is far from sufficient to ensure railways steer clear of another catastrophe. Safety statistics do not paint a reassuring picture. Ms. Fox said incidents involving uncontrolled movement of rail equipment, which is what caused the crash in Lac-Megantic, more than doubled to 78 between 2010 and 2019 before dropping off owing to a pandemic-related dip in traffic.

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