A Canadian Pacific (CP -2.8%) freight train derailed this morning in Ontario, and one of the 22...


A Canadian Pacific (CP -2.8%) freight train derailed this morning in Ontario, and one of the 22 cars affected reportedly is leaking crude oil. The incident comes a week after a CP train derailed in Minnesota, spilling an 20K-30K gallons of oil.
From other sites
Comments (1)
  • WILLWAY43
    , contributor
    Comments (29) | Send Message
     
    My brother worked for the RR for over 30 years and was involved with putting the trains back on the track when they detailed. No mean feat!
    He ALWAYS claimed that the schedule for track repair and replacement were 5 years and then became more than five years behind schedule. He was kept very busy for more than 15 years before he retired 2 years ago.
    Now, if the tracks are not designed to handle the complexities of a different "cargo".......we may be seeing more of this type of occurrence in the future! I understand that even as little as going more than 1 mile per hour over the recommended speed for the select route and cargo could cause a derailment...which in turn leads to a SPILL and worse.
    No pun intended here...but "we need to get onboard" and resolve all of the safety issues before rail freight of crude oil...
    I have been watching the railroads for several months now as a serious investment for the future. I will wait longer that I expected now.
    4 Apr 2013, 04:29 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs