02:02:23 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 661,956,580
Close 2023-07-05 C$ 159.15
Market Cap C$ 105,350,389,707
Recent Sedar Documents

Globe says CN, others see port increasingly congested

2023-07-05 08:28 ET - In the News

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The Globe and Mail reports in its Wednesday edition that the Port of Vancouver is becoming increasingly congested during the International Longshore & Warehouse Union Canada strike, with the suspension of goods imported inside reusable steel containers such as consumer goods, construction materials, auto parts and produce. The Globe's Brent Jang writes that exports inside containers would normally include wood pulp, specialty crops, lumber and metals. Potash and sulphur are among the commodities suspended from being loaded into the cargo holds of ships that would be destined overseas. Bulk grain shipments are expected to continue being exported overseas, in accordance with the Canada Labour Code. Two coal-export terminals, one near the Vancouver suburb of Delta and the other near Prince Rupert, would keep operating because those employers have their own collective agreements. Besides seeking cost-of-living wage increases, the union's other main concerns are over automation and contracting out. The ILWU has also emphasized that its members made sacrifices during the COVID-19 pandemic to keep goods moving through four B.C. ports. The union's proposed two-year deal would see a wage hike to $48.23 an hour.

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