The complexity of the situation in Red Sea and the ripple effects on global supply chains have intensified in recent months. This has caused industry-wide disruptions. We now expect that these disruptions will continue into the third quarter of 2024. Despite hopes that the situation would...
The Canadian government is taking steps to delay the onset of a potential strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), according to an official. Last week, Teamsters union members voted in favor of a strike that could begin...
The leader of the Houthi movement called for a further escalation of the attacks on shipping, citing the potential attack on the city of Rafah and as Western pressure grows on Hamas to accept the terms of a proposed ceasefire. “The Yemeni armed forces announce the...
With the assistance of federal conciliators, CPKC and the Teamsters Canada Rail Conference (TCRC) leadership are meeting again this week to continue negotiations to renew the collective agreements for both our Train and Engine (T&E) and Rail Traffic Controller (RCTC) employees. Unfortunately, despite our best...
Negotiations between CN and the TCRC are ongoing, with meetings held between the Parties on April 29 and 30, supported by federal conciliators. The Union has made it clear that it will not agree to move toward a more modern agreement based on an hourly rate...
Canada’s Class 1 railways, CN and CPKC, are negotiating labour agreements with the TCRC, which represents about 9,000 conductors and locomotive engineers at both companies. CPKC is also negotiating with TCRC-RTC on behalf of about 80 rail traffic controllers. (There are also labour negotiations currently...
Shipping has to contend with new danger zones following Iran’s attack on Israel over the weekend and the hijacking of the MSC Aries. United Nations secretary-general Antonio Guterres urged warring parties to “step back from the brink” in what Ian Bremmer, a well-known political scientist and president...
Iranian armed forces have seized a container ship, identified as the Portugal-flagged 15,000-TEU MSC Aries, near the Strait of Hormuz. The vessel was commandeered by the Islamic Revolutionary Guard Corps (IRGC) on April 13, according to reports from Iranian state media. The move comes as a...
Over the weekend, Nova Scotia faced one of its most severe snowstorms in 20 years, with over a meter of snowfall reported in some areas. Cape Breton and eastern Nova Scotia were hit hardest, with snow drifts making cleanup efforts challenging. Federal Emergency Preparedness Minister Harjit...
While western navies are currently preoccupied with addressing the activities of Houthi militants in the Red Sea, a concerning trend is quietly emerging: Somali pirates are staging a comeback. In a significant incident last December, they successfully hijacked their first ship in six years. Since...
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