CALGARY, May 1, 2015 /PRNewswire/ - Canadian Pacific
(TSX:CP)(NYSE:CP) applauds the Canadian and U.S. governments for
working together on harmonizing new tank car standards and fully
supports their leadership in the full implementation of these new
cars for transporting dangerous goods.
The new tank car announced today, the TC-117/DOT-117 will
include outer jackets, thermal protection, thicker steel shells,
head shields and improved bottom valves to protect against leaks
during a potential incident. The rules also call for the full phase
out or retrofitting of all older tank cars that do not meet the new
standards.
"CP has long been a proponent of improving tank car safety, as
well as implementing other options to enhance the secure
transportation of dangerous goods," said CP CEO E. Hunter Harrison. "From our customers to our
employees to all the communities within which we operate, the
implementation of a safer tank car standard benefits all."
Given that much of the traffic moved in tank cars is
cross-border and the North American economy is highly integrated,
the harmonizing of rail rules and regulations is essential. CP
believes that new tank car standards are the most important
component in enhancing the safe movement of dangerous goods.
"We look forward to continued collaboration and cooperation
between regulators, shippers and railroads to ensure the safe
movement of the industrial commodities that form the building
blocks of the North American economy," Mr. Harrison said.
CP meets or exceeds all federal transportation regulations and
is committed to the safe movement of all freight.
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 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