UPDATE 1-Shippers shift to trucks as strike at Canada's biggest railroad enters third day

WINNIPEG/MONTREAL, Nov 21 (Reuters) – Shippers scrambled to shift freight onto trucks on Thursday as a strike at Canada’s biggest railroad, Canadian National Railway Co, entered its third day and left many goods stranded. Some 3,200 unionized employees, including conductors and yard workers, hit picket lines on Tuesday in the biggest such action in a decade. Some major retailers and pulp and paper companies have started hiring trucks from Montreal-based Fuel Transport, even though they cost more than rail, said President Robert Piccioni. …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.