Displaying items by tag: supply chains

Canada’s two major rail freight companies have initiated a nationwide shutdown and locked out nearly ten thousand workers after failed negotiations with the Teamsters union. This unprecedented rail stoppage threatens to severely impact the Canadian economy and disrupt cross-border trade with the USA, as the country relies heavily on rail transport for shipping goods like grain, potash, coal, petroleum, and aviation fuel. The lockout will also hit the mining, agriculture and retail industries. It comes after months of tense negotiations over worsening job conditions, which failed to yield an agreement. Industry groups have urged the Canadian government to intervene, warning that the stoppage could have a cascading effect on multiple sectors, including mining, agriculture, and aviation. However, Justin Trudeau has insisted that the dispute must be resolved at the negotiating table.