Americas top stories: weekly summary
ICIS Editorial
26-Aug-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 23 August.
SHIPPING: Panama
Canal adds additional transit slot, raises
maximum draft allowance
As the water level in the freshwater lake that
feeds the Panama Canal’s locks continues to
rise, the Panama Canal Authority (PCA) has
increased the maximum allowable draft to 50ft
(15.25m), effective immediately, and will add
an additional transit slot beginning 1
September.
Canada needs to
act on rail stoppage, now – chem group
CIAC
Canada’s federal government needs to exercise
its authority and act quickly on the complete
freight rail stoppage, set to start midnight at
00:01 Eastern Time, trade group Chemistry
Industry Association of Canada (CIAC) said.
Canada government
reluctant to intervene as freight rail shutdown
begins
As the unprecedented work stoppage at both of
Canada’s freight railroads began on
Thursday at 00:01 Eastern Time, it remains
unclear how or when it may end as the
government is reluctant to intervene.
LyondellBasell
declares FM on rail shipments to Canada amid
CPKC, CN work stoppage
Global chemicals major LyondellBasell has
declared force majeure on all rail shipments to
Canada after that country’s two largest
railroads shut down operations after
negotiations for a new collective bargaining
agreement stalled.
Canadian freight
railroads prepare to resume operations after
brief shutdown
Freight railroads Canadian National (CN) and
Canadian Pacific Kansas City (CPKC) are
preparing to restart operations after the
federal government stepped in to end a labor
dispute with workers – although it remains
unclear on Friday when exactly a full freight
rail service will resume.
Canada rail
dispute: Union issues fresh strike notice,
despite government order for binding
arbitration
-Labor union Teamsters Canada Rail Conference
(TCRC) on Friday issued a strike notice for
Monday, 26 August, against railroad Canadian
National (CN).
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