Canada's Labor Minister ends coast-to-coast port labor strife, forcing unions back to work [CNBC]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: CNBC
Work stoppages hit the ports of Vancouver, Prince Rupert and Montreal in recent weeks, and congestion of cargo containers will take weeks to clear out. $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. Canadian Labor Minister Steven MacKinnon has invoked federal powers to end work stoppages at the ports of Vancouver, Prince Rupert and Montreal, ordering binding and final arbitration between labor unions and ports ownership. Strike actions by unions and ports ownership lockouts had hit both coasts of the key U.S. northern trade partner. Vancouver and Prince Rupert have been shut down since November 4, while Montreal dockworkers were locked out by ports management on Monday. But the damage to the supply chain has been done, and will it take weeks to clear out the container congestion bound for both Canadian and U.S. companies. “The disruption these disputes caused to retail supply chains were severe, and all at our busiest t
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CNI
Earnings
- 10/22/24 - Beat
CNI
Sec Filings
- 11/4/24 - Form SC
- 10/22/24 - Form 6-K
- 10/8/24 - Form SCHEDULE
- CNI's page on the SEC website