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Montreal employers submitted a final offer of a 20% raise over six years and said they would lock out the CUPE 375 union from November 10 absent agreement. The union has halted container handling at two Termont facilities, which account for 40% of the port's box capacity.
Employers in British Columbia have also locked out dockworkers at Vancouver and Prince Rupert.
Lockouts at two major Canadian gateways increase the risk of prolonged container disruption and freight cost increases for agri-food exports, though bulk grain is protected.
freightwaves.comStuart ChirlsNov 8, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
