# CP Rail vows not to be held ‘hostage’ by unions, but grain farmers fear strike would be ‘devastating’ - Financial Post

> CP Rail CEO Keith Creel said the company would not be held hostage in negotiations and was willing to accept short-term pain from a strike. Two unions representing about 3,400 workers had served a 72-hour strike notice. Grain farmers warned that a strike would be devastating during planting season.

- Date: 2018-04-18 · published 2018-04-18T12:00:00.000Z
- Category: logistics · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/65531-cp-rail-vows-not-to-be-held-hostage-by-unions-but-grain-farmers-fear-strike
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A prolonged strike would hold up grain and oilseed movements from the Prairies, tightening export availability and raising logistics costs. Financing strain on farmers during planting could also affect spring acreage decisions.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-04-19 | [CP Rail strike could be devastating for Western Canadian farmers](https://feedsoft.ai/events/65532-cp-rail-strike-could-be-devastating-for-western-canadian-farmers.md) | +0.3% | -1.2% |
| WHEAT | 2019-11-18 | [First CN Rail strike in decade piles more woes on battered Western farmers - Financial Post](https://feedsoft.ai/events/56083-first-cn-rail-strike-in-decade-piles-more-woes-on-battered-western-farmers.md) | +3.8% | +3.1% |
| WHEAT | 2020-10-02 | [CN Rail Workers Strike \| Feed & Grain](https://feedsoft.ai/events/50667-cn-rail-workers-strike-feed-and-grain.md) | +1.9% | +3.6% |
| WHEAT | 2024-08-23 | [Rail work stoppage 'devastating to the grain industry,' says Western Canada ag sector advocate \| CBC News](https://feedsoft.ai/events/28825-rail-work-stoppage-devastating-to-the-grain-industry-says-western-canada-ag.md) | -0.2% | +2.8% |
| WHEAT | 2018-05-29 | [Grain Shipments May be Impacted by CP Rail Strike \| Red River Farm Network](https://feedsoft.ai/events/65033-grain-shipments-may-be-impacted-by-cp-rail-strike-red-river-farm-network.md) | -0.9% | -2.8% |

## Sources

- financialpost.com: https://financialpost.com/transportation/3000-cp-rail-workers-could-be-on-strike-by-saturday-as-union-serves-72-hour-notice/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.