CP Beefing up Resources for Heavier Trains After Series of Accidents

The Financial Post reported that CP is scrambling to contain an oil leak when one of their trains derailed in Saskatchewan, after a similar incident over the weekend.

As quoted in the market report:

The railway has said the accidents are unrelated to the restructuring underway there. But management has said it would dedicate an additional $100-million in capital expenditures this year to upgrade its lines where the bulk of its heavier potash and crude trains run in addition to the $1.1-billion already committed.

To view the whole Financial Post report, click here.