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Rail Trade

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business2 years ago

"Canadian Rail Trade Plummets as U.S. Dockworkers Stand in Solidarity with B.C. Port Strike"

Rail trade between Canada and the U.S. has plummeted nearly 50% due to an ongoing strike at Canadian West Coast ports. Sectors such as forest products, oil and petroleum, non-metallic minerals, and chemicals have been heavily impacted. The strike has raised concerns about supply chain disruptions and congestion at U.S. ports. The longer the strike persists, the greater the impact on the North American economy. Negotiations between the International Longshoremen and Warehouse Union of Canada and the British Columbia Maritime Employers Association have been tense, with no resolution in sight. The strike has led to vessel diversions and delays in rail containers, adding additional costs and time to the supply chain.