The lockout of Teamsters rail union workers by Canadian freight rail operators Canadian National Railway and Canadian Pacific Kansas City hits U.S. trade.
The lockout of over 9,000 rail union workers by Canadian National Railway and Canadian Pacific Kansas City has left billions of dollars worth of U.S.-bound trade in limbo during peak shipping season.
Rails are a large component of logistics for companies, from Dow Chemical to automakers in Detroit like Ford and General Motors, which use the rails to transport auto parts. Retailers such as Walmart, Target, Nike, Procter & Gamble and Canada Goose also import some of their goods into Canadian ports which are then transported by rail and truck. According to Everstream Analytics, 66% of cargo arriving at the Port of Vancouver is moved by rail to final destinations in Canada or in the U.S.
According to Rob McRae, vice president of transportation for Univar Solutions, the largest chemical and ingredient distributor in North America, the U.S. exported $28.5 billion of chemical exports to Canada in 2023, accounting for 17.4% of total U.S. chemical exports. "Operations will grind to a halt and everything will have to move to the road for both domestic and international containerized freight," Brashier said. "This demand can drive rates through the roof."
In a statement announcing the lockout, Canadian National said without an agreement or binding arbitration, it had no choice but to finalize a safe and orderly shutdown and proceed with a lockout. "Over the last nine months, CN has negotiated in good faith. The Company consistently proposed serious offers, with better pay, improved rest, and more predictable schedules. The Teamsters have not shown any urgency or desire to reach a deal that is good for employees, the company and the economy.
Railroad Transportation And Shipping Transportation Strikes Union Pacific Corp Labor Unions Canadian Pacific Kansas City Ltd Canada Goose Holdings Inc Procter & Gamble Co Nike Inc Target Corp Walmart Inc General Motors Co Ford Motor Co Hapag Lloyd AG Hapag Lloyd AG Norfolk Southern Corp AP Moeller - Maersk A/S AP Moeller - Maersk A/S United States Canadian National Railway Co Canada Goose Holdings Inc Canada Canadian National Railway Co Canadian Pacific Railway Ltd Business News
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