Both CN and CPKC said they would comply with the CIRB order.
“The CIRB order ends months of unnecessary uncertainty and disruption for the Canadian economy and North American supply chains,” CPKC said in a statement. “We anticipate it will take several weeks for the railway network to fully recover from this work stoppage and a period of time beyond that for supply chains to stabilize.”
According to CPKC, the CIRB will be convening a case management meeting with the companies and the union on Thursday to discuss the imposition of final binding interest arbitration. Meanwhile, as specified in the CIRB’s order, the existing collective agreements between the company and the union remain in force.
The Grain Growers of Canada, which represents over 65,000 farmers nationwide, said the initial impact of the dual rail stoppage would cost grain farmers over $43 million per day in the first week alone, with losses expected to climb to $50 million/day the week after and beyond if the stoppages continued.
Source : Syngenta.ca