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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canadian Pacific Kansas City Limited | NYSE:CP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.17 | 0.21% | 79.73 | 80.73 | 79.355 | 80.59 | 2,008,895 | 23:21:57 |
CALGARY, AB, March 31, 2022 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) today has issued the following statement regarding the Transportation Safety Board (TSB) investigation report (Report) into the Feb. 4, 2019 derailment that tragically took the lives of three CP railroaders.
CP continues to mourn the loss of Dylan Paradis, Andrew Dockrell and Daniel Waldenberger-Bulmer. This is a tragedy that will never be forgotten and one which has strengthened CP's unwavering commitment to safety across its entire operation.
Given the gravity of this incident and the tragic loss of life, it was extremely disappointing that the TSB misrepresented the facts at today's news conference and misunderstood key facts about the incident in its Report. Specifically:
CP has a strong culture of safety and always works to improve. CP remains the industry leader in technology-driven train inspections with a decade-long track record of reduced train accidents and improved train performance.
Throughout this investigation, CP fully cooperated with the TSB. CP strongly believes that real and substantive safety improvements are only achieved when fact-based and objective analysis is undertaken to truly understand the causes and contributing factors of an incident like the Field derailment.
CP will be addressing the inaccuracies and misrepresentations made at today's news conference and in the Report in greater detail directly with the TSB.
This matter remains the subject of a preliminary inquiry by the RCMP.
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
SOURCE Canadian Pacific
Copyright 2022 Canada NewsWire
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