👀 Look into Bill Gates' portfolio to find hidden gems with new 13F filingsExplore for FREE

CN Rail, CPKC shut Canada rail network as labor talks deadlocked

Published 2024-08-22, 11:00 a/m
© Reuters. FILE PHOTO: Rail cars loaded with canadian wheat travel through the Rocky Mountains on the Canadian Pacific railway line near Banff, Alberta, October 6, 2011.  REUTERS/Todd Korol/File Photo
CP
-
CNR
-

(Reuters) -Canadian National Railway and Canadian Pacific (NYSE:CP) Kansas City have locked out workers, starting Thursday, after unsuccessful negotiations attempts with a major labor union. 

The workers, represented by Teamsters Canada, have been negotiating since the expiration of contracts in December 2023. 

The stoppage has halted movement of grain, potash, coal and other commodities across the country's extensive freight rail.

Here is a timeline on the negotiations between the parties:

Date Events

Dec. 31, Contracts covering locomotive engineers,

2023 conductors and yard workers at CN and CPKC (TSX:CP)

expire.

Feb. 19, Teamsters claim that CN and CPKC are "not

2024 serious about negotiating and avoiding a work

stoppage".

May 1, 2024 9,300 railway workers at both companies vote

to strike as early as May 22. 

May 10, The Canadian government says it is moving to

2024 push back the start of a possible strike by

railway workers.  

May 16, CPKC says its leadership, with the assistance

2024 of federal mediators, will resume negotiations

meeting with Teamsters on May 17.

May 23, CPKC says talks have hit a deadlock,

2024 predicting that a legal strike or a lockout

would not likely occur before mid-July.

June 7, The union says CN and CPKC rejected a proposal

2024 to stagger negotiations with both companies by

two weeks.

Aug. 5, The companies and union restart negotiations 

2024 along with federal mediators, says Minister of

Labor Steven MacKinnon. 

Aug. 9, Teamsters warns a work stoppage could start on

2024 Aug. 22 if a deal is not reached.

 

Aug. 9, The rail companies say they would lock out

2024 employees on Aug. 22 if talks to negotiate a

labor contract fail. 

Aug. 15, Minister Steven MacKinnon rejects a request by

2024 CN Rail to initiate binding arbitration. 

Aug. 17, CPKC says will halt any new rail shipments

2024 originating in Canada, and all new U.S.

shipments destined for Canada starting on Aug.

20 if talks fail to progress.

Aug. 18, The railroad operators issue lockout notices

2024 to workers represented by the Teamsters union.

Aug. 19, Labor minister says he will meet with both

2024 companies and the union in Montreal to avert

stoppage.

Aug. 22, CN and CPKC shut down their rail networks in

© Reuters. FILE PHOTO: Rail cars loaded with canadian wheat travel through the Rocky Mountains on the Canadian Pacific railway line near Banff, Alberta, October 6, 2011.  REUTERS/Todd Korol/File Photo

2024 the country and lock out nearly 10,000

workers. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.