financetom
Business
financetom
/
Business
/
CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms
Aug 18, 2024 6:18 PM

OTTAWA, Aug 18 (Reuters) - Canadian National Railway ( CNI )

, one of Canada's two main rail companies, formally

notified the Teamsters union in Canada on Sunday that it would

start locking out union workers early on Thursday.

"Unless there is an immediate and definite resolution to the

labour conflict, CN will have no choice but to continue the

phased and progressive shutdown of its network which would

culminate in a lockout," it said in a statement.

"Despite negotiations over the weekend, no meaningful

progress has occurred, and the parties remain very far apart."

Canada's other main rail operator, Canadian Pacific Kansas

City ( CP ), has already told the Teamsters union it will start

locking out members early on Thursday. This means the vast

majority of rail transit of goods in Canada would grind to a

halt by Thursday, barring last-minute labour agreements between

the companies and their respective arms of the Teamsters' union.

Separately, Teamsters also issued a 72-hour strike

notice to CPKC late on Sunday.

"Unless parties reach last-minute agreements, a work

stoppage will occur at 00:01 on Thursday, August 22," it said in

a statement.

The companies and the union accuse each other of bad

faith in the talks. The teamsters say CN Rail and CPKC are

seeking concessions that could endanger worker safety, a charge

both the operators deny.

The federal Liberal government has so far dismissed

pleas from business groups to intervene, saying it wants the

companies and the union to sort out their differences via

negotiations.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mattel partners with OpenAI on Sora 2 AI video model
Mattel partners with OpenAI on Sora 2 AI video model
Oct 6, 2025
(Reuters) -Toymaker Mattel is partnering with OpenAI to test the ChatGPT maker's artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company's Developer Day conference on Monday. Mattel ( MAT ) has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do to bring...
JP Morgan Turns Cold On Abercrombie & Fitch, Bath & Body Works: Here's Why
JP Morgan Turns Cold On Abercrombie & Fitch, Bath & Body Works: Here's Why
Oct 6, 2025
Shifting consumer habits are reshaping the retail landscape, as spending patterns reveal unexpected winners and laggards in the marketplace. JPMorgan analyst Matthew R. Boss downgraded Abercrombie & Fitch Company ( ANF ) and Bath & Body Works, Inc. ( BBWI ) following its recent fieldwork and intra-quarter management access. Consumer Spending Still Moderate: The analyst stated that, based on Chase...
UBS Sees Competitive Pressures
UBS Sees Competitive Pressures "Gradually" Easing in Canadian Telcos' Q3 Preview
Oct 6, 2025
02:39 PM EDT, 10/06/2025 (MT Newswires) -- UBS thinks the third-quarter was another quarter of easing competition among Canadian telcos, with price increases in broadband/wireless and more measured promotional activity. We estimate industry phone (postpaid & prepaid) growth slowed to 2.9% vs. 3.5% in 2Q and ~5% this time last year due to 10%+ lower loadings amid sustained immigration headwinds....
Embraer formalizes military cargo aircraft sale to Sweden, latest in NATO push
Embraer formalizes military cargo aircraft sale to Sweden, latest in NATO push
Oct 6, 2025
SAO PAULO (Reuters) -Brazilian planemaker Embraer ( ERJ ) tied up a deal on Monday to sell four military cargo planes to Sweden to replace the European nation's aging aircraft, the latest under a joint procurement program with other countries in the region. Sweden will purchase Embraer's ( ERJ ) C-390 Millennium aircraft after selecting the model last year, joining...
Copyright 2023-2026 - www.financetom.com All Rights Reserved