Why a Canadian freight rail halt will roil North American supply chains

Ratings agency Moody’s said the stoppage could cost over C$341mil or about US$251.14mil per day. — Reuters

OTTAWA: Canada’s two main freight rail companies are set to lock out around 10,000 of their Canadian unionised workers, starting an unprecedented simultaneous work stoppage that would grind almost all railway freight movement in the country to a halt.

Canadian National Railway Co (CN) and Canadian Pacific Kansas City (CPKC) have said their rail networks south of the border will continue to operate, but industry groups fear that a work stoppage would have far-reaching effects on the movement of goods and commodities across North America.