The Canadian Pacific Rail strike officially ended Tuesday as union workers and Canadian Pacific have agreed to final and binding arbitration. Wages and pensions remain long-term issues with the union, however. The Canadian Federal Conciliation and Mediation Services helped lead the negotiations that enable work to resume for Canadian Pacific customers and the North American supply chain, welcomed news for the ag industry.
The decision comes at a critical time as U.S. farmers gear up for planting season. Canadian Pacific originated more than 242,000 carloads of grain last year, while approximately 15% of the railway’s business is fertilizer. Amidst already challenging input costs and supply chain concerns, the quick resolution to this worker strike could be considered a National Ag Day miracle.
Read more on the workers’ strike and the resolution here.
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