Canada Rail Fund News

Canada Lays New Charges Against Railway in Lac-Megantic Derailment

The Canadian government has hit Montreal, Maine & Atlantic Railway Ltd. with fresh charges over a 2013 derailment that killed 47 people. The charges were laid Monday against the company and its president, Robert Grindrod, according to Zach Segal, a …

Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism

Hunter Harrison, Canadian Pacific Railway Ltd.’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains. “That’s what concerns me more because it can be planned to …

Canada to Overhaul Rail Safety Rules; More Insurance Will Be Required

The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, which will be used when a railway’s insurance …