CALGARY, March 8, 2019 /CNW/ - Canadian Pacific (TSX: CP)
(NYSE: CP) announced today that it is appealing the Ministerial
Order issued by Transport Canada on February
8, 2019, addressing the securement of trains on mountain
grades after a train is stopped by an emergency brake
application.
"CP remains steadfast in our commitment to safety, across our
entire operation," said CP's President and Chief Executive Officer
Keith Creel. "Safety is one of our
foundational principles and we remain laser-focused on continued
improvement in this area. The application of handbrakes in
accordance with the Ministerial Order introduces additional risks
and will have unintended consequences. We are seeking a review of
the Ministerial Order because we firmly believe safer options are
available and we must get this right."
CP remains committed to continuing to have further dialogue with
Transport Canada and other stakeholders to explore safer
alternatives.
CP has and will comply with the Ministerial Order throughout the
process. The review of the Ministerial Order will be heard by the
Transportation Appeal Tribunal of Canada.
CP continues to fully cooperate with the ongoing investigation
into the derailment by the Transportation Safety Board, and
Employment and Social Development Canada.
The Railway Association of Canada and CN are also appealing the
Ministerial Order.
About Canadian Pacific
Canadian Pacific is a
transcontinental railway in Canada
and the United States with direct
links to major ports on the west and east coasts. CP provides North
American customers a competitive rail service with access to key
markets in every corner of the globe. CP 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 CP. CP-IR
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SOURCE Canadian Pacific