Work stoppage to hit British Columbia ports [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
Most British Columbia port terminals will shut down on Monday morning amid a labor dispute between the union representing 700 forepersons and the B.C. Maritime Employers Association. The International Longshore and Warehouse Union Local 514 has issued a 72-hour strike notice and plans to walk off the job beginning at 8 a.m. on Nov. 4. The BCMEA, meanwhile, says it will lock out employees Monday morning in order to facilitate an orderly shutdown. The dispute will halt freight shipments through the ports of Vancouver — Canada's busiest — and Prince Rupert. Grain will continue to be loaded onto ships, however. The work stoppage will have an immediate impact on Canadian National and Canadian Pacific Kansas City traffic volumes in Canada. International intermodal traffic bound for Chicago and other points in the Midwest is the most likely freight to be diverted away from the British Columbia ports, which went through a 13-day strike this past summer that prompted shippers to send
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