“We do not believe that any of the matters we have been discussing over the last several days are insurmountable,” the Teamsters told CN in a notice. ”We remain available for discussion in order to resolve this matter without a further work stoppage.”
On Thursday, the federal Labour Minister Steven MacKinnon referred negotiations to binding arbitration, which ended a CN lockout that began midnight Wednesday. But a strike at Canadian Pacific Kansas City Railway (TSX: CP; NYSE: CP) continues. The union criticizes the government’s decision, accusing it of undermining collective bargaining. Minister Steve MacKinnon has vowed back-to-work legislation.
Mining products account for more than half of Canada’s rail-freight volume, with over 160 million tonnes of crude and processed minerals transported in 2022. The sector typically generates over C$6 billion annually in rail freight expenditures.
The Mining Association of Canada…
