Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo [CNBC]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: CNBC
The labor action comes on the heels of a strike at the Port of Montreal. In July 2023, 13-day strikes at these two West Coast ports impacted the delivery of U.S.-bound goods for months, from apparel to auto parts and key industrial chemicals. Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Approximately 20% of U.S. trade arrives in the Canadian ports of Vancouver and Prince Rupert, where strikes broke out after union leadership and industry representatives failed to reach a deal before a cooling-off period expired. The ILWU Local 514 contract expired on March 31, 2023, with 96 percent of union members
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CNI
News
- Canada's Labor Minister ends coast-to-coast port labor strife, forcing unions back to work [CNBC]CNBC
- B.C. Insider: Ottawa orders ports in B.C., Quebec to reopen [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $130.00 price target on the stock, up previously from $126.00.MarketBeat
- Is CNR Stock Undervalued Right Now? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Here's Why We Think Canadian National Railway (TSE:CNR) Is Well Worth Watching [Yahoo! Finance]Yahoo! Finance
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