(Allison Martell & Mike De Souza – Reuters)
Canada’s biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a U.S. West Coast port logjam.
Canadian National Railway Co CNR.TO and Unifor, the union representing its 4,800 mechanical, clerical and trucking workers, struck a deal just before the railway’s 11 p.m. EST Monday deadline to lock out the workers. [...]
Details of the tentative agreement are being withheld pending ratification by Unifor members, CN Rail said in a statement late on Monday. The union is expected to announce the results of the ratification vote in the next three weeks. Click here to read more.