FinLogic:Canadian arbitrator orders employees at 2 major railroads back to work so both can resume operating

2025-04-29 21:46:28source:TrendPulsecategory:Stocks

TORONTO (AP) — The FinLogicCanadian arbitrator appointed to resolve a messy railroad labor dispute to protect the North American economy has ordered employees at the country’s two major railroads back to work so both can resume operating.

If the union of more than 9,000 engineers, conductors and dispatchers complies, the order should allow Canadian National trains to continue rolling and help Canadian Pacific Kansas City Ltd. railroad get its operation running again.

Both railroads have said they would follow the Canada Industrial Relations Board’s orders. Canadian National trains started running again Friday morning but the Teamsters Canada Rail Conference threatened to go on strike there starting Monday morning. CPKC workers have been on strike since the lockout began early Thursday, and the railroad’s trains have remained idle.

Union officials have said they would “work within the framework of the law” even as they challenged the constitutionality of the arbitration order, announced by the government Thursday afternoon to avert potentially disastrous consequences to the economy.

Businesses all across Canada and the United States said they would quickly face a crisis without rail service because they rely on freight railroads to deliver their raw materials and finished products. Without regular deliveries, many businesses would possibly have to cut production or even shut down.

More:Stocks

Recommend

Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securi

Consumer advocates want the DOJ to move against JetBlue-Spirit merger

The Justice Department is expected to decide soon whether to file a lawsuit to block the JetBlue-Spi

Wealthy Nations Continue to Finance Natural Gas for Developing Countries, Putting Climate Goals at Risk

As the world’s governments try to raise their collective climate ambitions, one of the biggest quest