02:03:50 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 661,956,580
Close 2023-07-04 C$ 160.74
Market Cap C$ 106,402,900,669
Recent Sedar Documents

Globe says CN, others see port strike hamper business

2023-07-04 06:45 ET - In the News

Also In the News (C-CP) Canadian Pacific Kansas City Ltd
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Also In the News (C-NTR) Nutrien Ltd

The Globe and Mail reports in its Tuesday, July 4, edition that the Port of Vancouver is clogging up with cargo during a strike by waterfront workers across British Columbia as imported seafood has yet to be unloaded and potash exports are stuck onshore, adding to the growing bottlenecks at terminals and warehouses. The Globe's Brent Jang writes that the strike began on Saturday, disrupting Canada's largest port and three smaller regions. More than 35 terminals across the province have been hit in the walkout by members of the International Longshore & Warehouse Union Canada. The union has listed three main concerns at the bargaining table: automation, contracting out and cost-of-living wage increases. CP reports that the BC Maritime Employers Association is pessimistic on the state of negotiations. It described good wages at the union, citing a median annual income of $136,000 plus benefits and pension for longshore workers last year. The West Coast strike's ripple effects on supply chains are already being felt in the just-in-time delivery system of North America's automotive industry. The ILWU says it wants the federal government to steer clear of imposing a settlement.

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