CN Moves To Shut Down Eastern Canada Rail Network Amid Blockades

Canadian National (NYSE: CNI) began shutting down its Eastern Canada rail network Thursday and plans to halt all transcontinental service in response to ongoing disruptions by anti-pipeline protesters that have increasingly strained the country's supply chains.

CN said it is initiating a “disciplined and progressive shutdown” of the eastern rail network after canceling more than 400 trains during the past week amid blockades in Ontario, Manitoba and British Columbia in support of a First Nations group's opposition to a proposed pipeline route. 

The company said it will stop and secure all transcontinental trains and warned of imminent temporary layoffs for its Eastern Canadian operations staff.

“This situation is regrettable for its impact on the economy and on our railroaders as these protests are unrelated to CN's activities, and beyond our …

Full story available on Benzinga.com

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