22 August 2024
Why the Canadian freight rail halt will roil North American supply chains
Canada’s two main freight rail companies have locked out 10,000 unionized workers, halting most railway freight movement in the country. This unprecedented stoppage is expected to severely impact North American supply chains, especially affecting US-Canada trade. The disruption could cost over C$341 million per day and hit various sectors, including agriculture, mining, and manufacturing. While trucking companies are seeing increased demand, they cannot fully replace rail distribution capacity. Reuters