Aug 20 (Reuters) - U.S. railroad operator Union Pacific has warned that a potential rail strike in Canada will have "devastating consequences" on the North American economy.
More than 2,500 Union Pacific cars per day would not move across the border, CEO Jim Vena said in a letter to Canadian Labor Minister Steve MacKinnon on late Monday.
"Some of these impacts have already begun," Vena said.
Railroad operators Canadian Pacific Kansas City (CP.TO), opens new tab and Canadian National Railway (CNR.TO), opens new tab are bracing for a work stoppage by Teamsters union members, which could start as early as Thursday as talks to negotiate a new labor contract are yet to reach an agreement. Read More→
