BOC International

  • HOME
  • COMPANY
    • ABOUT US
    • OUR HISTORY
    • OUR SECRET SAUCE
    • SERVICES
    • OUR LEADERSHIP
    • PHILOSOPHY
    • CAREERS
    • SOCIAL IMPACT
    • TERMS & CONDITIONS
    • OTHERS
  • TECHNOLOGY
    • SYSTEMS
    • REPORTING
    • TOOLS
  • EVENTS
  • BLAST
  • CONTACT
NEED SPACE? CLICK HERE
  • Home
  • 2019
  • November

Month: November 2019

  • 0
adminboc
Tuesday, 19 November 2019 / Published in The BOC Blast

The BOC Blast 338 – CN rail strike

CN Rail strike begins, threatening Canada oil, grain shipments

By: Thomas Black | Nov 19, 2019 at 07:57 AM | Intermodal News 

About 3,200 workers at Canadian National Railway Co. went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country.

Conductors and railyard operators at Canada’s largest railway walked off the job after failing to reach an agreement with the company over issues including working conditions and drug benefits, the Teamsters Canada Rail Conference union said.

“Unfortunately, we were unable to reach a deal with CN,” the union said in a statement. Workers have been without a contract since July and served a strike notice on Saturday.

CN Rail is one of two main rail networks that Canada uses to ship consumer goods and exports of canola, wheat, potash and other resources from the prairies to seaports. The company carries C$250 billion ($189 billion) worth of goods annually and has increasingly been moving into shipping oil amid a bottleneck of pipelines from Alberta’s oil sands.

A representative for the Montreal-based company declined to immediately comment on the strike. On Saturday, it said it continued to negotiate in good faith and had offered to go to binding arbitration, which the union rejected.

Managers may step in to operate trains, blunting the impact of any walkout. Allison Landry, an analyst with Credit Suisse Group AG, said a walkout may crimp CN’s cargo volume, the labor action likely wouldn’t last long and the impact on the company’s earnings wouldn’t be meaningful.

“Historically, rail strikes have lasted a few days, and the Canadian government has been quick to step in and implement back-to-work legislation given the significant threat to the economy,” Landry said in a note to clients.

Government Monitoring

Still, the government may have less leverage to push for a resolution over the next couple of weeks because parliament isn’t scheduled to convene until Dec. 5. That could delay the adoption of back-to-work legislation until then.

Canadian Labor Minister Patty Hajdu traveled to Montreal on Monday to meet representatives from both sides. In a Nov. 16 statement, Hajdu said the federal government is monitoring the situation closely and “has faith” in the collective bargaining process.

The Teamsters argue that workers are being forced to operate trains alone from outside the locomotive while hanging on to moving trains with one hand and working a remote-control device in the other, creating a safety hazard. The union is also balking at a lifetime cap on prescription drug coverage and said the company is making it more difficult to take time off and work longer hours.

Canadian National fell 0.2% to close at C$123.76 in Toronto on Monday. It has gained 22% this year.

  • 0
adminboc
Wednesday, 13 November 2019 / Published in The BOC Blast

The BOC Blast 337 – China 301 Tariffs and Exclusions Updated

China 301 Tariffs and Exclusions, Updated

List of China section 301 exclusions as of today:

https://www.strtrade.com/assets/htmldocuments/Product%20Specific%20Exclusions%20Granted%20-%20All%20Lists%20Combined.pdf

List of all commodities on China
Section 301 additional duties:

https://www.strtrade.com/assets/htmldocuments/USTR%20301%20All%20Lists%20Combined.pdf

Recent Posts

  • The BOC Blast 446 – Shanghai COVID Lockdown

    Shanghai COVID Lockdown This morning’s update r...
  • The BOC Blast 445 – ARE YOU PROPERLY INSURED?

    ARE YOU PROPERLY INSURED? Every Shipper Needs C...
  • The BOC Blast 444 – Evergreen Containership Aground Near Baltimore

    Evergreen Containership Aground Near Baltimore ...
  • The BOC Blast 442 – Alternative Gateways as Options Amid Continuing Disruption

    Wednesday March 2, 2022 11:OOam – 11:45pm...
  • The BOC Blast 441 – How Russian Invasion could influence rates and services of air, ocean and land transportation:

    How Russian Invasion could influence rates and ...

Recent Comments

    Archives

    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • April 2017
    • March 2017
    • February 2017
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • May 2016
    • April 2016

    Categories

    • Logistic
    • Sin categoría
    • The BOC Blast

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Providing Remarkable Service

    NEED SPACE? CLICK HERE

    BOC provides logistics solutions that reach all areas of the supply chain. Our BOC team helps our customers shorten delivery times, reduce needless inventory and increase visibility of their orders while driving down costs of their entire supply chain.

    • HOME
    • COMPANY
    • TECHNOLOGY
    • EVENTS
    • BLAST
    • CONTACT
    • ABOUT US
    • OUR HISTORY
    • SERVICES
    • PHILOSOPHY
    • CAREERS
    • SOCIAL IMPACT
    • TERMS & CONDITIONS
    • OTHERS

    COMPANY INFO

    617-412-4745

    info@bocintl.com

    WE'RE SOCIAL

    TOP