CALGARY, April 23, 2014 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP)
today welcomed Transport Canada's announcement pertaining to older
DOT-111 tank cars, but the railway expressed disappointment with the
federal government's incomplete actions around addressing human
behaviour factors affecting rail safety in Canada.
"CP has been a vocal proponent of increased tank car safety standards
and we applaud the Minister of Transport's direction to eliminate the
use of older tank cars," said CP Chief Executive Officer, E. Hunter
Harrison. "While we will comply with all the orders, I must again
re-iterate that reducing train speeds does not address the causes of
railway accidents, nor is it a solution to rail safety. Human
behaviours are a significant factor and should be the focus if the goal
is to truly improve safety."
Canadian Pacific believes that regulatory changes that would support the
use of inward facing cameras in locomotives to allow for compliance
monitoring and instituting a program to reduce grade crossings to
decrease the incidence of crossing accidents would be key contributors
in further advancing rail safety in Canada.
CP has started the process of implementing the various aspects within
the timelines required.
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE: CP) is a transcontinental railway in
Canada and the United States with direct links to eight major ports,
including Vancouver and Montreal, providing North American customers a
competitive rail service with access to key markets in every corner of
the globe. CP is a low-cost provider that is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.
SOURCE: Canadian Pacific
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