Ground Freight & Logistics

Air Canada and its pilots are locked in a standoff over a new labor agreement and face a deadline by Sunday to reach a deal that would avert strike action. WHERE DO THE TALKS STAND? If the 2 celebrations do not reach an agreement by the end of Saturday, Sept. 14, they will both have the choice to problem either a strike or lockout notice, which would trigger Air Canada's three-day plan to wind down operations. The airline company would gradually cancel flights over three days, with a complete shutdown as early as 00:01 EDT (0401. GMT) on Wednesday, Sept....

Canadian National Train said on Tuesday its operations have actually completely recuperated following numerous months of labor disagreements and a total shutdown of its Canadian network, and revised its fullyear monetary outlook. The railroad has stated the work interruptions, along with the wildfires in Alberta, resulted in a quarter-to-date impact of about 20 cents per share to its revenues. Both CN and Canadian Pacific Kansas City previously dealt with a threat of work stoppages by the Teamsters Canada Rail Conference Union, until the Canadian federal government stepped in and called for binding arbitration to reach an arrangement over a new...

Shares in Australia's NEXTDC jumped more than 12% to be the leading gainer on the benchmark ASX 200 index on Thursday, buoyed by favorable sentiment in the information centre area after the sale of its larger rival AirTrunk to Blackstone. Shares of the data centre operator advanced as much as 12.9%. to strike A$ 18.14, as of 0320 GMT, and were on track to record. their biggest intraday gain considering that February-end. The ASX 200. was up 0.1%. They likewise struck their greatest level since Aug. 26. Nearly 5.6. million shares have changed hands so far on Thursday, 2.6 times....

Blackstone will buy Australian data centre group AirTrunk for an implied enterprise value of over A$ 24 billion ($ 16.10 billion), it said on Wednesday, in what would be Blackstone's biggest financial investment in the Asia Pacific area. The alternative possession supervisor, along with the Canada Pension Strategy Financial Investment Board, is obtaining AirTrunk from Macquarie Asset Management (MAM) and the general public Sector Pension Investment Board (PSP). The deal requires approval from the Australian Foreign Investment Review Board (FIRB), offered the property is being bought by overseas parties. At $16.1 billion, the deal is the biggest buyout in Australia...

The union representing workers at Canada's two primary rail companies said on Friday it had submitted a four court difficulties versus a judgment by the country's industrial labor board that forced them back to work. The board on Saturday accepted a demand from the government to buy more than 9,000 Teamsters members back to operate at Canadian National Railway and Canadian Pacific Kansas City and to enforce binding arbitration. The union stated the decision was a win for the trains and might result in the imposition of future agreements, wearing down employees' bargaining power. Federal Labour Minister Steven MacKinnon stated...

2 bidding groups led by Blackstone and IFM Investors lodged last deals on Tuesday to buy Australian information centre group AirTrunk in a transaction worth about A$ 20 billion ($ 13.55 billion), according to 2 sources with direct understanding of the matter. Binding quotes were due on Tuesday and AirTrunk, together with its advisers Macquarie and Goldman Sachs, is now analyzing the offers, the sources stated. There is no deadline for choosing a. winning quote, one of the sources added. Blackstone quote for AirTrunk alongside consortium partner the. Canada Pension Investment Board (CPPIB), one source stated. The IFM led consortium...

2 bidding groups led by Blackstone and IFM Investors lodged final deals on Tuesday to purchase Australian data centre group AirTrunk in a transaction worth about A$ 20 billion ($ 13.55 billion), according to two sources with direct knowledge of the matter. Binding bids were due on Tuesday and AirTrunk, along with its advisors Macquarie and Goldman Sachs, is now taking a look at the offers, the sources stated. There is no deadline for choosing a. winning bid, among the sources added. Blackstone quote for AirTrunk along with consortium partner the. Canada Pension Investment Board (CPPIB), one source stated. The...

A choice obliging more than 9,000 Canadian rail workers to remain on the task is a win for the railways and could impact bargaining in other federallyregulated sectors like aviation, the head of a. Canadian rail employees' union told Reuters. Paul Boucher, president of the Teamsters Canada Rail. Conference, also said the union would deal with other labour. groups as it installs a legal obstacle to a Saturday decision. that halted work interruptions at the nation's two biggest trains. and imposed arbitration. While the Teamsters will obey the order to return to. work, the union has actually warned it might...

The Canada Industrial Relations Board bought on Saturday a stop to work stoppages at the country's largest trains, the Teamsters union stated, signaling an end to an unmatched service interruption at both main freight rail carriers. The independent labor tribunal decided after Canada asked it on Thursday to end a deadlock in separate talks in between more than 9,000 Teamsters members, and Canadian National Railway and Canadian Pacific Kansas City. The board's choice is the current twist in the labor disagreements at CN and CPKC, which locked out Teamsters members on Thursday, activating a simultaneous rail blockage that business groups...

Soybeans increased while corn reduced on Friday as traders covered short positions ahead of the weekend while monitoring an inbound heatwave that might threaten some crops in the U.S. Midwest, traders stated. Wheat also dipped as low-cost Black Sea exports continued to loom. Corn on the Chicago Board of Trade settled 2-1/2 cents lower at $3.91 a bushel, down 0.3% for the week, while soybeans wound up 11-1/2 cents to $9.73 per bushel, increasing 1.6% in the week. The most-active soft red winter season CBOT wheat contract settled 7-1/2 cents lower at $5.28 per bushel, down 0.3% for the week....

Canada's rail shutdown might still delay loading of some bulk grain ships at the country's. westcoast ports despite the federal government's move to end a stoppage. at the nation's two biggest railways, traders and experts. said. At danger are more than 20 bulk freight ships at or bound for. British Columbia ports as in-port grain stocks represent simply a. portion of what is set up to load over the coming weeks,. according to delivering industry and government information. Exporters on the planet's leading canola manufacturer and No. 3 wheat. shipper might acquire vessel demurrage penalties totaling tens. of thousands of...

The union representing workers at 2 major Canadian trains stated on Friday they would challenge the constitutionality of a government decision to refer their labor conflict to a nationwide board, even as a few of their members went back to work. Employees at Canadian National Railway returned to deal with Friday, while a lockout at rival Canadian Pacific Kansas City has yet to be officially raised after the Canadian federal government moved in on Thursday to end an unprecedented rail blockage. Canada's top 2 railways had locked out more than 9,000 unionized workers on Thursday, activating a simultaneous rail interruption...

For the very first time, Canada's. 2 primary railway companies Canadian National Train. and Canadian Pacific Kansas City are on the verge of a. synchronised labor stoppage that could inflict billions of. dollars' worth of financial damage. WHY ARE BOTH COMPANIES POISED TO STOP? Contract talks in between the Teamsters union and the business. normally occur a year apart, however in 2022, after the federal. federal government presented brand-new guidelines on fatigue, CN requested a. year-long extension to its existing offer instead of work out a. new one. This implied both companies' labor arrangements ended at the. end of 2023...

Canada's two main freight rail business locked out around 10,000 of their Canadian unionized employees early on Thursday, starting an extraordinary simultaneous work stoppage that will grind practically all railway freight motion in the country to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS ACROSS THE United States AND CANADA? Canadian National Railway Co and Canadian Pacific Kansas City have said their rail networks south of the border will continue to operate, however industry groups fear that a. work stoppage would have far-reaching results on the movement of. items and commodities throughout North America. CN and CPKC's coast-to-coast rail networks...

Canadian National Train (CN). and Canadian Pacific Kansas City (CPKC). revealed the lockout of their Canadian workers on Thursday. after failed labor talks, leading to a shutdown of their rail. networks in the country. The decision, confirmed by the Teamsters union representing. the workers, sets the phase for an unmatched rail blockage. that might badly damage the Canadian economy and have a. considerable effect on cross-border trade with the United States. Canada is the world's second-largest nation by location and. relies heavily on rail transportation. A stoppage would maim. deliveries of grain, potash and coal while also slowing the. transport...

Canada's 2 primary freight rail companies are set to lock out around 10,000 of their Canadian unionized workers on Thursday at 12:01 a.m. ET (4:01. GMT), starting an extraordinary synchronised work interruption that. would grind practically all train freight movement in the country. to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS THROUGHOUT THE United States AND CANADA? Canadian National Train Co and Canadian Pacific. Kansas City have said their rail networks south of the. border will continue to run, but industry groups fear that a. work interruption would have significant impacts on the movement of. items and products across...

Canadian Prime Minister Justin Trudeau prompted on Wednesday the nation's two primary rail business and the Teamsters union to settle their differences and prevent a blockage that might cause billions of dollars worth of financial damage. Canadian National Railway and Canadian Pacific Kansas City have stated they will lock out their workers early on Thursday unless brand-new labor offers can be concurred. The two have never ever closed down at the same time. Talks in between both business and the union have actually made little development, with each side implicating the other of bad faith. Trudeau informed reporters in Quebec...

For the very first time, Canada's. two primary train business Canadian National Train. and Canadian Pacific Kansas City are on the edge of a. simultaneous labor blockage that could cause billions of. dollars' worth of economic damage. WHY ARE BOTH BUSINESS POISED TO STOP? Contract talks in between the Teamsters union and the business. generally take place a year apart, but in 2022, after the federal. federal government presented new guidelines on tiredness, CN requested a. year-long extension to its existing deal rather than negotiate a. new one. This implied both business' labor arrangements ended at the. end of 2023...

Canadian transport services supplier Ryder Systems stated the trucking market ought to be able to deal with a dive in freight volume in the event of a rail strike, though it signified that the cost of shipping may boost. The Canadian industry is on tenterhooks as talks in between the Teamsters union, which represents more than 9,000 employees, and the country's two biggest railways - Canadian National and Canadian Pacific Kansas City - drag on over a brand-new contract. Labor Minister Seamus O'Regan in May referred the conflict to the Canadian Industrial Relations Board (CPKC) guaranteeing that a. possible walkout...