Cargojet soars while rival carriers cut back on freighter operations
Canada’s largest freighter airline, Cargojet, is flying high on e-commerce. The carrier has expanded its work ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
CTV News reports:
(Headline @ ~13.30BST, 22 August: “9,300 employees locked out: Latest updates on shutdown of Canada’s 2 largest railways”. To see how it ended, scroll down to the Reuters story published less than 24 hours after this post.)
In a first for Canada, freight traffic on its two largest railways has simultaneously ground to a halt, threatening to upend supply chains trying to move forward from pandemic-related disruptions and a port strike last year.
In the culmination of months of increasingly bitter negotiations, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out 9,300 engineers, conductors and yard workers after the parties disagreed on a new contract before the midnight deadline.
The Teamsters Canada Rail Conference has begun posting pictures to social media of workers from Halifax to Vancouver setting up picket lines…
To read the full post, please click here.
PS: PANIC? NO PANIC! Less than 24 hours later: “Canada moves to end rail shutdown quickly; CN workers to return to work“.
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