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Railway workers at CN, CPKC vote to reauthorize strike
Union members at CN and CPKC railways have voted to reauthorize strikes at both companies if negotiated settlements can't be reached.
Teamsters Canada said in a statement Saturday that union members at both railways voted almost 99 per cent in favour of reauthorized strike action.
The union said members previously voted in favour of strike action on May 1, but the 60-day time limit on the vote expired.
It said that meant it had to take the "unusual step" of holding a second strike vote.
CPKC spokesman Terry Cunha said the company issued a statement Friday and would not be making further comments.
Further details on this development here.
Consumers in Canada prioritize value and trust amid inflation concerns
Inflationary concerns continue to loom large in consumers’ minds.
PwC Canada’s 2024 Voice of the Consumer survey found that 44 per cent of respondents ranked inflation as the top threat facing the country, eclipsing economic volatility and health risks, despite the rise in the cost of living gradually slowing.
Other key findings include:
Click here for more information.
Idle containership fleet dips to pandemic-era lows as carriers hunt tonnage
As global demand for box ship capacity continues to dramatically outstrip supply, the number of idled vessels is down to numbers not seen since the pandemic.
According to new Alphaliner data, in the first half of the year, commercially idle tonnage represented an average of 0.7% of the container shipping fleet, “harking back to levels seen during the pandemic,” it reported.
Stanley Smulders, director of marketing and commercial for ONE, said: “If you look at all the statistics, there are no ships idle. All the shipping lines are in need of ships at the moment.”
More on this in this Loadstar article.