"I am extremely proud of the CP team. Their extraordinary dedication, grit and perseverance in the face of extremely challenging conditions are the reasons we are able to restore our vital rail network in only eight days," said
As CP resumes operations and moves from restoration to recovery, CP will closely coordinate with customers and terminals to clear the backlogs as quickly and efficiently as possible. Success will require collaboration across the supply chain with urgent weekend work and flexible schedules at customer and terminal locations to help get freight moving efficiently again.
To repair the railway infrastructure, CP crews:
- Moved 150,000 cubic yards of material to rebuild the damaged areas, equivalent to 10,000 tandem dump truck loads or 30,000 one-ton dump truck loads of earth, riprap (rock) and other construction material
- Utilized more than 80 pieces of heavy work equipment
- Mobilized hundreds of CP employees and contractors from across the network
While the railroad may have reopened, there remains a difficult road ahead for B.C. residents and businesses impacted by this event. CP continues to work closely with local and B.C. authorities and Indigenous communities in the
CP teams arranged food delivery to the Spuzzum First Nation, secured 10 portable generators to be delivered to the Cooks
Throughout this crisis, CP has closely coordinated and partnered with the
Such coordination has been critical to this recovery. Even before the storm, there was recognition that priority access would speed recovery. Critical infrastructure designation helped accelerate CP's recovery as equipment was positioned during the storm then deployed immediately following.
"The force and impact of this event were extensive and evolved from hour to hour," added Creel. "CP worked in lock-step in partnership with the
Note on forward-looking information
This news release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "will", "anticipate", "believe", "expect", "plan", "should", "commit" or similar words suggesting future outcomes.
This news release contains forward-looking information relating to the reopening of the B.C. rail corridor and the related impacts of the storm, including the anticipated timing of repairs to CP's railway infrastructure and the delivery of critical supplies to local communities.
The forward-looking information contained in this news release is based on current expectations, estimates, projections and assumptions, having regard to CP's experience and its perception of historical trends, and includes, but is not limited to, expectations, estimates, projections and assumptions relating to: CP's ability to implement certain initiatives, including risk mitigation strategies; the impacts of existing and planned capital investments; CP's ability to work with governments and third parties to mitigate the impacts of natural disasters and climate change; North American and global economic growth; commodity demand growth; agricultural production; commodity prices and interest rates; performance of our assets and equipment; applicable laws, regulations and government policies; the availability and cost of labour on the timelines anticipated and with the capabilities required, as well as the availability and cost of services and infrastructure; the satisfaction by third parties of their obligations to CP; the anticipated impacts of the novel strain of coronavirus (and the disease known as COVID-19); and capital investments by third parties. Although CP believes the expectations, estimates, projections and assumptions reflected in the forward-looking information presented herein are reasonable as of the date hereof, there can be no assurance that they will prove to be correct. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty.
Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking information. By its nature, CP's forward-looking information involves inherent risks and uncertainties that could cause actual results to differ materially from the forward looking information, including, but not limited to, the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks associated with agricultural production, such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped; inflation; geopolitical stability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among
The forward-looking information contained in this news release is made as of the date hereof. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, or the foregoing assumptions and risks affecting such forward-looking information, whether as a result of new information, future events or otherwise.
About Canadian Pacific
Canadian Pacific is a transcontinental railway in
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SOURCE Canadian Pacific
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