This article is taken from the March 24 USDA Transportation Report.
Ending a work stoppage that lasted two full days, the Canadian Pacific Railway (CP) and the Teamsters Canada Rail Conference (TCRC) agreed to settle their labor dispute through binding arbitration.
Work across the railroad’s Canadian operations had stopped on Sunday, March 20, and resumed at 2 pm EDT on Tuesday, March 22.
CP is a major supplier of fertilizer, especially potash, to the United States and abroad.
Global potash supplies have declined since producers in Russia and Belarus effectively stopped exporting the commodity following Russia’s invasion of Ukraine.
Because some producers prepositioned fertilizer before the stoppage and the stoppage lasted only 2 days, its impacts on potash production and delivery should be limited.
Still, some disruptions should be expected.
On Tuesday, CP said it would work with customers to resume normal train operations across Canada as soon as possible.