Now only one shift FP/CP say rail dispute gives Conifex Timber grief
2024-08-27 08:27 ET - In the News
Also In the News (C-CNR) Canadian National Railway Company
Also In the News (C-CP) Canadian Pacific Kansas City Ltd
The Financial Post reports in its Tuesday, Aug. 27, edition that the end of the shutdown at Canada's two major railways came too late for the workers at Conifex Timber. A Canadian Press dispatch to the Post reports that about 250 employees felt the impact when Conifex cut the operating schedule in half at its sawmill in Mackenzie, B.C., starting Monday -- the day the work stoppage on the tracks wraps up. Despite the relatively short rail standstill, Conifex's reduction to one shift per day from two will last "for the foreseeable future," said chief operating officer Andrew McLellan last week. "It could be some time before our shipment levels normalize," said Conifex chief executive officer Ken Shields. Industries across the country are feeling the pain of a shutdown that fell far short of catastrophic levels, but the ripple effects continue to play out in lost revenues and customers and a bruised national reputation. The halt that kicked off Thursday at Canadian National Railway and Canadian Pacific Kansas City is slated to end first thing Monday. While the full financial impact of the stoppage remains unclear, Moody's warned it could cost the Canadian economy $341-million per day.
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