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CN Strike Linked To Plunge In Canada’s Trade Volumes
By Pacific Customs Brokers, Pacific Customs Brokers Jan 08, 2020
Drop in imports and exports in November occurred as Canadian National network’s capacity declined by 90% amid an eight-day rail worker strike.
The strike by Canadian National (NYSE: CNI) rail workers helped bring down Canada’s trade volumes during November, Statistics Canada reported.
The eight-day disruption across Canada’s largest rail network coincided with 1.4% decline in exports to C$48.7 billion and 2.4% drop in imports to C$49.8 billion, Statistics Canada said in its monthly international merchandise trade report Jan. 7.
The largest drops in exports came from metal ores and minerals (18.3%), forestry products (10.1%) and energy products (7.7%).
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