{"id":121751,"date":"2024-06-07T04:40:54","date_gmt":"2024-06-07T09:40:54","guid":{"rendered":"https:\/\/www.globaltrademag.com\/?p=121751"},"modified":"2024-06-08T10:38:52","modified_gmt":"2024-06-08T15:38:52","slug":"how-a-canadian-rail-strike-could-impact-freight-markets","status":"publish","type":"post","link":"https:\/\/www.globaltrademag.com\/how-a-canadian-rail-strike-could-impact-freight-markets\/","title":{"rendered":"How A Canadian Rail Strike Could Impact Freight Markets\u00a0"},"content":{"rendered":"<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Domestic and cross-border freight markets remain in limbo as the threat of a Canadian rail workers strike looms large over North America. Read on to learn more about the state of negotiations and how a strike might impact supply chains on both sides of the border.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\">Read also: <a href=\"https:\/\/www.globaltrademag.com\/canada-freight-market-update\/\">Canada Freight Market Update<\/a><\/p>\n<h2 data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><b><span data-contrast=\"none\">Heading: Get Up to Speed<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/h2>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Before discussing the potential impact of a strike, here\u2019s a rundown of what\u2019s transpired thus far:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><a href=\"https:\/\/theloadstar.com\/canadian-shippers-await-government-decision-as-negotiations-derail\/\"><span data-contrast=\"none\">Negotiations<\/span><\/a><span data-contrast=\"none\"> between the Teamsters Canada Rail Conference (TCRC) and rail operators Canadian National Railway (CN) and the Canadian Pacific Kansas City (CPKC) began after their collective agreement expired on December 31, 2023.<\/span><br \/>\n<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">In early May, more than 9,000 union employees voted to strike as soon as possible if the sides could not reach a deal. <\/span><br \/>\n<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">The strike was called off when concerns from industry groups prompted Canadian labor minister Seamus O\u2019Regan to ask the Canadian Industrial Relations Board (CIRB) to assess whether the strike would threaten national safety due to the disruption of critical shipments.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">The CIRB is now reviewing any \u201cmaintenance of activities\u201d agreements between the two sides, as these indicate which services must be maintained by both parties in case of a work stoppage; the TCRC has said no such agreements exist. <\/span><br \/>\n<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"none\">Though negotiations can continue, the TCRC cannot strike until the CIRB decides on the legality of such an action.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"none\">The TCRC believes rail operators would prefer to await arbitration rather than continue negotiations, so little progress has been made between the two sides in recent weeks.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Roboto\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"none\">The TCRC has also implied it will strike as soon as the CIRB concludes its review, but given the typically lengthy nature of the process, the CPKC says that a strike or lockout in the next 60 days is unlikely.\u00a0<\/span><\/li>\n<\/ul>\n<h2 data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><b><span data-contrast=\"none\">Heading: The Potential Fallout of a Failed Deal<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/h2>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Canadian National Railway and Canadian Pacific Kansas City own about 75% of all Canadian rail capacity, so the impact of a strike could be devastating. First and foremost, it would likely limit the flow of certain goods and increase over-the-road truckload transportation demand. Freight from Canadian ports could also land on U.S. soil, leading to capacity crunches stateside.<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">A single strike day will also create at least another three to four days of disruption. This exponential effect could have a significant downstream impact on U.S. automakers, which rely heavily on inbound shipments from Canada that would almost certainly see significant slowdowns should the railways close. Further, Canadian grain, potash and coal producers have commented anecdotally that the strike could disrupt their export operations.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Jason Miller of Michigan State University recently completed a carload volume data analysis that revealed general containerized goods, metallic ores, chemicals, coal, grains and other petroleum products are the most heavily transported commodities. CN and CPKV account for 74% of the total carloads of metallic ores shipped, putting this freight type at a significant risk of disruption.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Ultimately, all of the above could lead to higher prices for consumers and businesses, put jobs at risk, and threaten Canada\u2019s reputation as a reliable trading partner.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<h2 data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><b><span data-contrast=\"none\">Heading: The Good News<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/h2>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">While stakeholders anxiously await a decision from the CIRB, rail customers are creating contingency plans without any certainty as to when or even if they will need to use them.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">However, the latest OTRI data, which acts as a relative measure of truckload supply in the marketplace, does not indicate any signs of impacts on shipper routing guides out of Canada. This is likely because both the Canadian and U.S. capacity markets are oversupplied to the point that they could more easily absorb the railway volume. Still, rate increases would likely follow if the shutdown lasts long enough to drive sustained long-haul capacity demand.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"121755\" data-permalink=\"https:\/\/www.globaltrademag.com\/how-a-canadian-rail-strike-could-impact-freight-markets\/canada-freight-market\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?fit=624%2C262&amp;ssl=1\" data-orig-size=\"624,262\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"canada freight market\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?fit=300%2C126&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?fit=474%2C199&amp;ssl=1\" class=\"alignnone  wp-image-121755\" src=\"https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?resize=474%2C199&#038;ssl=1\" alt=\"\" width=\"474\" height=\"199\" srcset=\"https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?resize=300%2C126&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?resize=170%2C70&amp;ssl=1 170w, https:\/\/i0.wp.com\/www.globaltrademag.com\/wp-content\/uploads\/2024\/06\/canada-freight-market.png?w=624&amp;ssl=1 624w\" sizes=\"(max-width: 474px) 100vw, 474px\" data-recalc-dims=\"1\" \/><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Tender rejection rates show no signs of tightening truckload capacity with a pending rail strike.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<h2 data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><b><span data-contrast=\"none\">Heading: Hope For The Best, Prepare For Anything<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/h2>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">The potential for significant disruption persists as negotiations remain at an impasse and the CIRB continues its assessment. Stakeholders across various industries must stay vigilant and prepared for any developments, with contingency plans in place to mitigate potential operational impacts. Though it is too soon to discern how the situation will play out, we hope the two sides can reach a deal in time to prevent the stoppage of this critical cog in the Canadian economy.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559740&quot;:276,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:14737375,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:14737375,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:14737375,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:14737375,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:14737375,&quot;469789798&quot;:&quot;none&quot;,&quot;469789802&quot;:&quot;none&quot;,&quot;469789806&quot;:&quot;none&quot;,&quot;469789810&quot;:&quot;none&quot;,&quot;469789814&quot;:&quot;none&quot;}\">\u00a0<\/span><\/p>\n<p data-ccp-border-bottom=\"0px none #dfdfe0\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #dfdfe0\" data-ccp-padding-between=\"0px\"><strong>Author bio<\/strong><\/p>\n<p><span data-contrast=\"auto\">David is the Vice President of Market Intelligence at Arrive Logstics. David joined the team in 2017 after six years at AFN focused on business intelligence. He leads Arrive\u2019s Market Intelligence team focused on providing critical market data and expert analysis to internal teams, while also driving Arrive Insights, Arrive\u2019s external market update for shippers and carriers.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domestic and cross-border freight markets remain in limbo as the threat of a Canadian rail workers strike looms large over&#8230; <a class=\"read-more\" href=\"https:\/\/www.globaltrademag.com\/how-a-canadian-rail-strike-could-impact-freight-markets\/\">Read More<\/a><\/p>\n","protected":false},"author":2295,"featured_media":121752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"How A Canadian Rail Strike Could Impact Freight Markets","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3855,3850,3995,119],"tags":[11869,9365,4072,423,52],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How A Canadian Rail Strike Could Impact Freight Markets\u00a0 - Global Trade Magazine<\/title>\n<meta name=\"description\" content=\"Domestic and cross-border freight markets remain in limbo as the threat of a Canadian rail workers strike looms large over North America...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.globaltrademag.com\/how-a-canadian-rail-strike-could-impact-freight-markets\/\" \/>\n<meta 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