$19 billion in trade stranded on water as Canada's West Coast labor negotiations hit pause
Publishing timestamp: 2023-07-04 21:40:14
Summary
The negotiations between the British Columbia Maritime Employers Association and the International Longshore & Warehouse Union in Canada are currently paused, leading to a backlog of $19 billion in trade stranded off the ports of Vancouver and Prince Rupert. The strike is expected to increase vessel transit and turnaround times, causing congestion and delays in trade processing. Both parties are being encouraged to return to the negotiating table.
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Keywords: trade, business news, breaking news: business, canadian national railway co, transportation, canada, economy, breaking news: economy, canadian pacific railway ltd,