Possible Work Stoppage at Canada's Two Largest Railroads Could Disrupt US
Subheading
A possible work stoppage at Canada's two largest railroads could disrupt the US supply chain next week. Both rail operators and some of their US competitors have begun to refuse certain cross-border shipments.Who is Affected?
*The two Canadian railroads are responsible for moving about 70% of the freight between Canada and the United States.
A work stoppage would cripple critical supply chains moving food, fuel, and manufactured goods.
What is the Dispute About?
*The unions representing the railroad workers have been negotiating with the railroads for months without reaching an agreement.
The unions have said they are prepared to strike if a deal is not reached by Monday.
What is the Impact?
*A work stoppage would have a significant impact on the US economy.
The Association of American Railroads estimates that a work stoppage would cost the US economy $2 billion per day.
What is the Next Step?
*The situation is fluid and it is unclear if a work stoppage will occur.
However, businesses and consumers should be prepared for the possibility of disruptions to the supply chain.
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