Members overwhelmingly ratified the agreement with Canadian National. The collective agreement will last through July 2022.
Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
Organizations may lobby Parliament to declare rail service an essential service so that access remains available during events such as labor strikes.
Jim Blaze profiles TTX, a company that is essential to the railroad industry.
The railway will work with NorFalco Sales, a division of Glencore Canada, to handle sulfuric acid volumes at facilities in Ontario and Quebec.
Drop in imports and exports in November occurred as Canadian National network’s capacity declined by 90% amid an eight-day rail worker strike.
Lower rail volumes, an active Surface Transportation Board and a strike were among the key events that the U.S. and Canadian freight rail industry experienced this year.
Market Expert Michael Baudendistel writes about rail intermodal volume is lower for the long-term, or can it be more competitive with trucking.
Teck Resources opts not to renew 10-year deal for the transport of metallurgical coal.
CNl estimates eight-day disruption will trim C$0.15 per share from profits as CEO assures that recovery plan is “delivering results.”
Canadian SONAR data show that trucks helped fill the void as rail capacity left the market – and then got a nice bump as it returned.
CN CEO said railway is focusing on safety as it resumes normal operations after eight-day strike that rippled across Canada’s rail supply chain.
Jim Blaze writes about the power and influence of mentors on a person’s career and life.
Normal rail service to resume on Nov. 27, ending a week-long strike that has shaken Canada’s supply chain.
Federal Minister of Agriculture suggests government would consider back-to-work legislation or binding arbitration for striking Teamsters members as disruption brings 37% in drop in Canadian National revenue ton-miles and worsening supply-chain conditions across the country.
The bill introduced by Sen. Dick Durbin (D-Illinois) would allow Amtrak to sue freight railroads for not giving Amtrak preference on freight rail-owned track.
Rail executives discussed short-term strategies for growing rail volumes amid expectations that volumes won’t pick up until well into 2020.
Transport Minister Marc Garneau insists that a deal between Candian National and Teamsters offers the best way to get trains moving again as walkout by 3,200 workers hits Canada’s supply chain and threatens the economy.
The strike, coupled with and trade uncertainty, could hit businesses hard, groups say.
