'Canadian National Starts Phased Shutdown Of Rail Network In Canada; The Rail Operator Said It Started An Embargo Of Certain Hazardous Goods' - WSJ
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Canadian National Railway (CNI) has initiated a phased shutdown of its rail network in Canada, starting with an embargo on hazardous goods, due to stalled negotiations with unionized workers. The company may proceed with a lockout of employees if no progress is made by August 22.
August 13, 2024 | 5:50 pm
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Canadian National Railway (CNI) has started a phased shutdown of its rail network in Canada, beginning with an embargo on hazardous goods, due to stalled union negotiations. A potential lockout of employees could occur if no progress is made by August 22.
The phased shutdown and potential lockout of employees indicate significant operational disruptions for Canadian National Railway. This could negatively impact the company's short-term stock price due to potential delays and increased operational costs.
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