Domestic Market Updates –
Canada Labor Uncertainty: Since the CIRB issued their decision – ruling that a work stoppage would NOT cause a threat to public health/safety – a lot has transpired. Here’s what we know so far:
- CIRB imposed a 13-day cooling off period before either party could issue a strike or worker lockout, putting the earliest date for work stoppage at August 22nd.
- In a statement, TCRC said if a contract is not reached, they will go on strike the earliest chance they are able to (August 22nd).
- CPKC released a statement last Friday saying they would have no other option but to lock out employees on August 22nd if a contract is not reached, or TCRC does not agree to binding arbitration.
- CN as well released a statement essentially agreeing with CPKC and that they would also have no choice but to lock out their employees on August 22nd.
Do you have freight that moves through Vancouver, Montreal or Toronto and have questions? Reach out to our team and we’ll connect with you on your options.
Intermodal: Following along in CN, CSX, and UP railways footsteps, NS will mandate a reservation systems, making trucking companies having to reserve slots when dropping off both international and domestic containers, JOC reports. This is set to begin in phases starting September 4th. NS hope this will help improve terminal efficiency, but certainly may have its challenges.
Diesel Update: This week the average price of diesel dipped 5.1 cents. Making the average price of diesel at $3.704, per the U.S. EIA.
U.S. Labor Uncertainty: The East/Gulf Coast Dockworker contract expires on September 30th and recently the International Longshoremen’s Association announced they will present their final contract demands to union delegates at a meeting September 4-5th and will also outline strike strategies if an agreement is not reached before the contract expires. A couple key issues in these negotiations are wage increases and automation issues.
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