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Canadian Pacific renews funding of heart research

Rail News Home Canadian Pacific 3/4/2019 Rail News: Canadian Pacific
imageCanadian Pacific is renewing its pledge of CA$1.5 million for heart research over the next three years, the Class I announced late last week.The contribution is part of CP's partnership with the Heart & Stroke Foundation of Canada to improve Canadians' health. Forged four years ago, the community partnership is dubbed "CP Has Heart."CP's support for heart and stroke research began in 2015, when the "CP Has Heart Cardiovascular Awards" were rolled out, providing funding for 13 researchers across Canada. The awards supported a range of research queries, CP officials said in a press release."Through our ongoing CP Has Heart activities and contributions, we will continue to further cardiovascular research, get the best equipment to cardiac patients and spread awareness of the issue," said James Clements, CP's vice president of strategic planning and transportation services.

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TSB: Canadian Pacific train moved on its own before fatal derailment

A Canadian Pacific unit grain train began to move on its own prior to a fatal derailment that occurred early Monday near Field, British Columbia, the Transportation Safety Board of Canada (TSB) announced yesterday.

The derailment, which occurred between the Upper and Lower Spiral Tunnel, resulted in the deaths of the train's three crew members. They were identified as conductor Dylan Paradis, engineer Andrew Dockrell and trainee Daniel Waldenberger-Bulmer.

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CP derailment in British Columbia kills 3 crew members

A Canadian Pacific grain train derailed early yesterday near Field, British Columbia, resulting in the deaths of the train's three crew members.

The deceased were identified as conductor Dylan Paradis, engineer Andrew Dockrell and trainee Daniel Waldenberger-Bulmer, according to a statement issued by CP President and Chief Executive Officer Keith Creel.

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CP reports 'strong performance' in 2018

Canadian Pacific yesterday announced record operating income of CA$874 million for the fourth quarter, a 28 percent increase compared with the same period in 2017.

CP's revenue for the quarter climbed 17 percent to CA$2 billion from CA$1.7 billion a year ago. Q4 diluted earnings per share (EPS) fell 43 percent to $3.83 from $6.77 a year ago, however adjusted diluted EPS rose 41 percent to a new quarterly record of $4.55 from $3.22 in 2017, according to a CP press release.

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CP 'takes exception' to government probe into Vancouver rail service issues

Canadian Pacific executives are taking issue with a Canadian Transportation Agency (CTA) plan to include the Class I in a far-reaching investigation into possible freight-rail service problems in the Vancouver, British Columbia, area.

The CTA announced yesterday in a press release that such an investigation "would be appropriate based on information received from shipper associations and other parties." The agency plans to hold a public hearing in Vancouver in late January to provide railroads and shipper groups an opportunity to provide evidence in response to the CTA's concerns.

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