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Canadian National Railway Company
Symbol CNR
Shares Issued 707,001,603
Close 2021-11-16 C$ 162.77
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Globe says CNR, CP, Teck face challenges in B.C. floods

2021-11-17 07:46 ET - In the News

Also In the News (C-CP) Canadian Pacific Railway Ltd
Also In the News (C-TECK) Teck Resources Ltd

The Globe and Mail reports in its Wednesday edition that floods and mudslides in British Columbia have damaged or destroyed large sections of highways and railway tracks near Vancouver, severing crucial trade corridors as bottlenecks worsen at Canada's largest port. The Globe's Brent Jang and Eric Atkins write that fresh disruptions this week will compound existing supply-chain problems getting imports across Canada and exports to destinations abroad. Some repairs are expected to get goods moving again within days, but other fixes to critical infrastructure will be longer-term projects. "All rail service coming to and from the Port of Vancouver is halted because of flooding in the B.C. Interior," the Vancouver Fraser Port Authority said in a statement. Strong winds that followed record-breaking rainfall forced GCT Global Container Terminals to temporarily close its Vanterm and Deltaport container-shipping sites for several hours on Monday. Teck Resources has rerouted some of its coal exports by rail to the Port of Prince Rupert in northwest B.C. Authorities are continuing to assess the damage before estimating a time frame for reopening rail lines severed by torrential rain, washouts and mudslides.

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