Progressive Railroading, 11/12/20
Moody's: Crude-by-rail poses higher social than financial risk for CN, CP
A Moody's Investors Service analysis of crude-by-rail (CBR) shipments in Canada finds that shipments in 2021 are expected to remain below the peaks of early 2020.
But "reputational" and social risks associated with accidents far outweigh the financial risk that CBR poses for CN and Canadian Pacific, Moody's officials said in a press release. The Canadian Class Is, which together move more than 95 percent of the country's CBR, continue to take steps to improve safety, they said.
