Billions of dollars worth of U.S. trade could be affected after Canadian railroads locked out more than 9,000 employees Thursday after failing to reach new labor agreements, according to The Wall Street Journal.
Canadian National Railway and Canadian Pacific Kansas City locked out the employees after reaching an impasse in negotiations with the Teamsters Canada Rail Conference, with the two parties failing to come to deals by the 12:01 a.m. Eastern time deadline, the WSJ reported. The decision disrupts much of the hundreds of millions of dollars in trade that occurs daily along the U.S.-Canada border and could thrust American supply chains into disarray. (RELATED: Airline Union Tells Workers To Prepare For Strike That Could Endanger Summer Travel Plans)
“The economic repercussions of a rail work stoppage of this magnitude would be devastating locally, and given the…
