Quantcast
 
Read Larry Connors' blogShort Term Trading Strategies


 

CN/Locomotive Engineers Union Talks Adjourn

Mon. September 28, 2009; Posted: 03:37 PM
Stocks RSS
WINNIPEG, MB, Sep 28, 2009 (Resource News International via COMTEX) -- CNI | Quote | Chart | News | PowerRating -- Talks between officials with Canadian National Railway and the Teamsters Canada Rail Conference Union, or TCRC, which is representing roughly 1,700 locomotive engineers have adjourned without an agreement, but more negotiations are scheduled for next week.

Meetings between the two sides, including two federal government mediators, began last week and continued through to the end of Friday, Mark Hallman, Director of CN's Communications and Public Affairs department, said.

Another week of negotiations, beginning October 5, 2009, have been set, he said.

Hallman would not disclose any details of the negotiations, other than to restate that "CN continues negotiations with the TCRC and remains optimistic that talks with the union will produce a settlement on a new collective agreement."

Officials with the TCRC were not available for comment.

Daniel J. Shewchuk, president of the TCRC, last week was optimistic that a successful conclusion to the negotiation process could be reached despite a number of issues on both sides still left to be addressed.

Shewchuk also acknowledged last week that there have been a lot of rumours circulating from both sides, including talk of a strike vote as well as reports the company was planning lockout action.

"As a precautionary measure and in a worst case scenario, a strike vote is being taken in the event that a lockout should occur and if the mediated negotiation process is terminated unexpectedly," Shewchuk said. "But there is no intention of going on strike at this time."

He said the members of the locomotive engineers have until October 2 to return the mail-in strike ballot vote.

Hallman would not comment on the lockout rumours.

However, before any kind of strike/lockout can occur, a process must by followed by all parties involved.

As required by the Canada Labour Code, the Canada Industrial Relations Board (CIRB), a federal tribunal, will review the TCRC's application as to whether any of CN's services are essential and must be maintained by TCRC represented employees in the event of a disruption.

The CIRB will hold a conference call with the two parties October 2, 2009, to discuss the issue further.

A rail labour dispute would come at a critical time, as the harvest in Canada is in full gear and the need to meet export commitments at Canada's export facilities is the heaviest.

For full details on Canadian Natl Railway (CNI) click here. Canadian Natl Railway (CNI) has Short Term PowerRatings of 4. Details on Canadian Natl Railway (CNI) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [CNI]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.