Canada rail shutdown adds to multi-billion-dollar financial woes
The Canadian rail shutdown is expected to lead to higher trucking costs and bring billions of dollars of container trade to a standstill. The two North American neighbors are highly dependent on mobile trade, but consumer goods, intermediate parts, fertilizers, cement, coal, lumber, cars and more remain at a standstill due to the work stoppage of 9,000 railway union workers. Also read: Canadian rail outage raises concerns about U.S. economic disruption Every day, about $572 million in containerized trade flows from Canada to the U.S. Over time, customers may turn to more expensive alternatives, such as traditional road transport, to improve the situation. After months of failed negotiations, Canadian Pacific Kansas City and Canadian National Railway have locked out freight rail workers represented by the Canadian Teamsters union. The timing couldn’t be worse, with the back-to-school season just around the corner and the holiday rush just around the corner. Employees up and down the supply chain rely on a steady…
Canada rail strike looms as unions and rail operators weigh in
A rail strike is looking increasingly likely in Canada as the Canadian Union of Railway Workers (TCRC) and major rail operators Canadian National Railway (CN) and Canadian Pacific Kansas City Railway (CPKC) continue to struggle to reach an agreement. Tensions are rising as the deadline approaches. Also read: How Canada's rail strike will impact freight markets On August 9, the Canada Industrial Relations Board (CIRB) determined that the services provided by the railways were not legally considered “essential services” and established a 13-day cooling-off period before a strike could legally begin. Despite this, Canadian Railways yesterday issued a notice that its members would stop providing services starting Thursday, marking the start of a legal strike. In response, major U.S. freight railroad CSX Transportation has suspended cross-border shipments to and from Canadian National Railway and Canadian Railways, causing Canadian rail operators to suspend import and export services for refrigerated cargo, hazardous materials and security-sensitive items originating or terminating on Canadian railways.…
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