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Canadian Rail Joint Stock Company restarts operations after arbitration agreement According to Reuters


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© Reuters. FILE PHOTO: Crowd image in the Canadian Pacific Ocean taken in Port Coquitlam, British Columbia, February 15, 2015. REUTERS/Ben Nelms

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(Reuters) -Canadian Pacific Railway Ltd will restart operations on Tuesday after agreeing to arbitration with its commanders and engineers, easing fears of further disruption to industries. The country’s industry is facing supply chain disruptions.

CP said the agreement with the Canadian Teamsters Rail Conference to end the shutdown began early Sunday, adding that it would immediately begin work to resume normal train operations. nationwide.

The company has halted operations and banned its workers following a dispute over pensions, wages and benefits, sparking calls for quick talks over fears it could aggravate the situation. shortage of goods due to Russia’s invasion of Ukraine.

Canada is the world’s largest producer of potash, the main input needed to produce nitrogenous fertilizers, followed by Russia and Belarus.

Union spokesman Dave Fulton said in a statement: “While arbitration is not the preferred method, we can negotiate terms and conditions in the best interest of our members. .

Canada’s Labor Minister Seamus O’Regan Jr, who mediated the negotiations, said in a statement that normal operations at CP would continue during the arbitration period.

The deal comes as troubles in the global supply chain have befallen the rail industry and the industries that depend on it to transport everything from cars to coal.

The world’s largest fertilizer producer, Canada Nutrien (NYSE: Ltd), said last week that it may need to reduce potash production at its Saskatchewan mines if the CP shutdown lasts more than a few days.

Canada, the largest country by area after Russia, relies heavily on railways to move goods and manufactured goods to ports. CP’s network runs throughout southern Canada and extends south as far as Kansas City in the United States.

The country’s last major rail labor disruption was an eight-day strike by Canadian National Railways (TSX:Co) in 2019.

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