Possible work halt at Canada's 2 largest railroads could disrupt US trade

Quick Summary:

Both the Canadian Pacific Kansas City and Canadian National railroads, which haul millions of tons of freight across the border, have stopped taking certain shipments of hazardous materials and refrigerated products.

Canada's two largest railroads are starting to shut down their shipping networks as a labour dispute with the Teamsters union threatens to cause lockouts or strikes that would disrupt cross-border trade with the US.

The Canadian Press reported that on Friday, Canadian National barred container imports from US partner railroads.

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Article Details

Category: BusinessFinance

Markets: IndiaCanadaMexico

Topics: US US trade Trade with US Trade exports Railroads Canada-US relations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-18 @ 07:19:21 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22120314

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 116 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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