CP to resume operations after railroad, Teamsters agree to binding arbitration
Canadian Pacific Railway and the Teamsters union agreed to settle a labor dispute through binding arbitration, averting a supply chain crisis.
Canadian Pacific Railway and the Teamsters union agreed to settle a labor dispute through binding arbitration, averting a supply chain crisis.
The shutdown of Canadian Pacific’s rail network is putting additional strain on the supply chain as shipments grind to a halt with backups looming at ports.
Los camioneros y la dirección se culpan mutuamente por poner en riesgo la cadena de suministro
Supply chains are at risk after Canadian Pacific shut down its rail service amid a contract battle with the Teamsters.
The railway has issued a 72-hour notice to the Teamsters Canada Rail Conference that it would lock out its members from working starting Sunday should labor agreement negotiations fail.
CP and the Teamsters Canada Rail Conference are still in talks over a new labor agreement. The union had said earlier this month that a strike could occur as early as Wednesday.
Calls for the Canadian government to head off a strike at Canadian Pacific are coming from both sides of the U.S.-Canada border.
Canadian Pacific is launching an international intermodal service between Mexico and Chicago, while state DOTs and Amtrak say a $31 million federal grant will add to existing passenger rail service and improve freight efficiency.
Bill Ackman, Pershing Square founder and CEO, has been acquiring shares of Canadian Pacific, according to SEC filings and news reports.
The vast majority of Teamsters Canada Rail Conference members working for Canadian Pacific agreed to conduct a work stoppage should negotiations fail.
Access to interchanges, treatment of American grain shippers compared to Canadian ones and service impacts weigh on shippers’ minds as they evaluate the proposed merger between Canadian Pacific and Kansas City Southern.
CN and three other Class I railroads outlined to the Surface Transportation Board conditions that should be met before the board approves a merger between Canadian Pacific and Kansas City Southern.
Eight Chicago-area communities say a merger between Canadian Pacific and Kansas City Southern would result in more freight traffic and an increased likelihood of blocked crossings stemming from longer trains.
The Surface Transportation Board wants more details about the concessions that BNSF and CN are seeking as Canadian Pacific acquires Kansas City Southern.
Teamsters Canada Rail Conference is polling members on whether it should call a strike at Canadian Pacific.
Any concessions that CP would consider as it seeks federal approval to merge with Kansas City Southern must be “reasonable” and grounded in supporting competition, CP said during its fourth-quarter 2021 earnings call late Thursday.
From capital investments to competitive access, issues that CSX has brought before the Surface Transportation Board reflect concerns facing the freight rail industry as a whole.
CN is asking the Surface Transportation Board to require Canadian Pacific to divest KCS’ Springfield Line in Missouri and Illinois to help ensure competition.
The panel on rail consolidations also addressed different approaches to creating competition on monopoly networks.
Canadian Pacific and CSX want to show federal regulators and the broader public that they have widespread support for their proposed acquisitions.