The simultaneous work stoppage by Canadian National Railway and Canadian Pacific Kansas City has initiated a major crisis in Canada’s freight rail system, threatening the economy and commodity transport.
Moody’s estimates that the rail stoppage could cost the Canadian economy C$341 million per day, highlighting the severe economic impact of the work stoppage.
Fertilizers, accounting for a significant volume of rail shipments, could lead to C$55 million to C$63 million per day in lost sales revenue, demonstrating the disruption's effect.
While trucking carriers can absorb some of the demand increase, they cannot fully replace the capacity of the rail system, especially for bulk commodities.
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