Thursday, December 18th0.3°C
24124
23875

CN CEO says dangerous goods are part of life and are being moved safely

EDMONTON - The president of Canadian National Railway says dangerous goods are an integral part of life and are being moved safely.

Claude Mongeau made the point in a speech to an Edmonton business audience.

Mongeau says CN (TSX:CNR) has a good safety record and is taking steps to be more vigilant since the disaster in Lac Megantic, Que., last July that killed 47 people and destroyed part of the town.

A train transporting crude oil was left unattended by a crew member and more than 60 tank cars derailed, some exploding.

Mongeau says to reduce the potential for accidents, CN is improving its procedures for securing trains and plans to retrofit or phase out older cars used to transport flammable liquids.

He says CN is also using policies required in the U.S. that restrict the speed of trains that haul crude oil and ethanol.

"Dangerous goods are an important part of how all of us live and a major business for us," Mongeau said in a release Thursday.

"Because of that, we know we have a clear obligation to transport these products safely."

Earlier this month, the National Energy Board released data that showed oil-by-rail exports from Canada had risen ninefold in less than two years.

The energy regulator's figures showed more than 146,000 barrels per day were exported on trains in the last three months of 2013, compared with just under 16,000 in the first three months of 2012.

Mongeau said the number of main-track rail accidents involving CN dropped by more than 50 per cent between 2003 and 2013 and that virtually all of the dangerous goods it ships arrive without any problems.

In March, CN announced it will phase out its 183 DOT-111 cars used to transport internal supplies of locomotive diesel fuel over the next four years as part of a move to improve rail safety. The Montreal-based company plans to invest $7 million this year to replace the 40 tank cars it owns and will gradually replace the remaining 143 cars as their leases expire.

The Association of American Railroads has recommended the retrofitting or phase-out of the old DOT-111 cars used to transport flammable liquids and a reinforced standard for new tank cars.

The DOT-111 tank car is considered the workhorse of the North American fleet and makes up about 70 per cent of all tankers on the rails.

The Canadian Press


Read more Business News

24380


Recent Trending




Today's Market
S&P TSX14397.66+184.271
S&P CDNX669.89+10.86
DJIA17604.12247.25
Nasdaq4718.31+73.999
S&P 5002043.73+30.84
CDN Dollar0.8610+0.0023
Gold1202.30+8.00
Oil56.86+0.39
Lumber338.50+4.30
Natural Gas3.739+0.037

 
Okanagan Companies
Pacific Safety0.125+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.270.00
Cantex0.03-0.005
Anavex Life Sciences0.18+0.0141
Metalex Ventures0.055+0.005
Russel Metals26.69-0.49
Copper Mountain Mining1.60+0.06
Colorado Resources0.10-0.005
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
23744


24200

FEATURED Property
2106948260 Grandview Bench Road
10085866 bedrooms
$560,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...

_



24111

24476


Member of BC Press Council


23546