Items Tagged with 'Canadian National'

Railroad workers at Canadian National are preparing for a strike Monday after returning to work following Thursday’s lockout.

The Canadian Labor Minister late Thursday afternoon intervened in a contract dispute between the nation's two major railways and a Teamsters union, directing a branch of the Canadian government to impose final binding arbitration on the two parties.

Nearly 10,000 Canadian rail workers are locked out amid a stalemate in contract negotiations with two of the country’s major railroads that has halted rail shipments within the country's borders. U.S. ag shippers and railroads worry the labor dispute could disrupt cross-border traffic. 

After several months of deal-making between Kansas City Southern, Canadian National and Canadian Pacific railroad companies, KC Southern is again choosing to merge with Canadian Pacific in hopes of creating the first-of-its kind railroad from Canada to Mexico.

The high-stakes battle to buy Kansas City Southern railroad is heating up again with Canadian Pacific pitching another acquisition bid after the Surface Transportation Board denied Canadian National Railway’s proposal.

The board of directors for Kansas City Southern decided to terminate its merger agreement with Canadian Pacific Railway in March for a new deal with Canadian National Railway.