Industry and shippers brace for Canada rail stoppage, fear 'catastrophe'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 63%

Canadian National Railway News

Canada,Canadian Pacific Kansas City,Prime Minister Justin Trudeau

North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could...

OTTAWA - North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.

The rail companies say they will start locking out workers on Aug. 22 if they cannot reach a labor deal while the union says it is ready to call a strike for that date. A stoppage would also hit the United States, given the degree of integration between the two economies. Canada sends around 75% of all goods exports south of the border. The networks of the two Canadian rail operators, CN and CPKC, connect with several key U.S. rail and shipping hubs such as Chicago, New Orleans, Minneapolis and Memphis.

An Alabama district judge who presides over cases in juvenile court, often involving child abuse or neglect, has been suspended after a state-led investigation that looked at hundreds of cases and took over a year to complete.

An Australian boomer retired in Thailand on an $18,000 annual pension. He saves almost half his income and can still travel the world. The Search For Success: Self-Made Millionaire Announces Newly-Published Guide For Escaping Generational Poverty

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

B.C. author writes his prescription for Canada's media industryIs Canada’s news media in trouble?
Source: TerraceStandard - 🏆 24. / 68 Read more »

Airline 'cost and quality' concerns prompt probe of industry in CanadaThe Competition Bureau says it is launching its market study of domestic airline service as concerns around prices and quality persist.
Source: CTVNews - 🏆 1. / 99 Read more »

Why Jasper wildfire shows it’s a ‘gamble’ being in Canada’s tourism industryAs Jasper battles a wildfire and Canada stares at a year of above-normal wildfire activity, many in the tourism industry are asking if it’s worth it.
Source: GlobalCalgary - 🏆 50. / 61 Read more »