Canadian Pacific (CP) Rail Strike Ends
The Teamsters Canada Rail Conference (TCRC), which represents engineers, conductors and trainmen, had announced a strike against the Canadian Pacific Railway (CP) on February 15th, but less than 48 hours later, on February 16th, the parties agreed to binding arbitration. The arbitrator will be appointed by the Canadian federal government.
In a press release issued by CP, E. Hunter Harrison, CP’s Chief Executive Officer said, “This decision ensures both sides will get back to the table, and gets us back to moving Canada’s economy forward. While we would have preferred a negotiated settlement, this is the right thing to do at this time.”
Ports on West Coast Resume Operations
After shutting down vessel operations for four of the past five days, ports on the West Coast are now open and operating.
U.S. Labor Secretary Thomas E. Perez is scheduled to meet with the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) today, to help bring the parties to an agreement. No further information about negotiations between the two parties is currently available.
Odyssey will continue to monitor any developments and keep you advised of any actions recommended for your business. In the meantime, if you have any questions or concerns, please feel free to call.
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