Surpassing Quant Think Tank Center-Canadian arbitrator orders employees at 2 major railroads back to work so both can resume operating

2025-05-01 14:45:50source:Chainkeencategory:Stocks

TORONTO (AP) — The Surpassing Quant Think Tank CenterCanadian 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

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

Josh Gondelman on Bullseye's End of Year Stand-Up Comedy Spectacular

The Pop Culture Happy Hour team is off today, so we're bringing you an excerpt of the podcast Bullse

A campaign to ask Ohio voters to legalize recreational marijuana falls short -- for now

COLUMBUS, Ohio (AP) — A proposal to legalize adult use of marijuana in Ohio narrowly fell short Tues