CP Rail Union on Strike

[Klause]

http://www.cbc.ca/m/news/business/topstories/teamsters-give-cp-rail-72-hour-strike-notice-1.2952765





Oh great. We really needed this.

[bucket]

It never ceases to amaze me that there are people that get paid to negotiate contracts with a set deadline and a heads up as to what might be a sticking point.

And for whatever reason they choose to shut the country down. Management and union folk working on this should have their asses kicked hard.

[Braveheart]

Essential service. Legislate them back.

[Oliver88]

Yes, this should be an essential service.

Get them back to work.

[farmaholic]

When does the demmurage clock start ticking and who$e paying?

[bucket]

Considering they are not meeting the weekly targets of 650000 tonnes missing them by 100000 tonnes - chances are the demurage is racking up quite nicely.

[BTO_farmalll]

Lets Study it Some More!!!!!!!!!!

[farmaholic]

Shhhh, listen...... can you hear the basis widening?

Okay, now what are the guys supposed to do who need cash flow and face the possibility of a wider basis in the future due to "circumstances beyond their control". Damned poor marketers they are, eh!!!!

[Braveheart]

If they didn't have some, at least some, decent basis locked in for the near future, let's just say, they could have done better.

[farmaholic]

Brave, if this lasts too long it may result in wider basis further out than anyone who "did do better" planned for. That may well be you too....

[fjlip]

Any thing that can go wrong will go wrong, and it does.... oh dear, cars never showed up for 6 weeks, now another excuse since "it's NOT too cold"!
Demurage is easy to pass on to simple farmers, they will never figure it out buried in the "BASIS" any way, they just spare back and forth, it's too complex for the uneducated to understand...

[Braveheart]

Farmaholic, the Gov't should act soon to end this or impose binding arbitration.

Our canola is crusher bound, we're covered till May.

No coverage left on wheat though. No one has picked up our basis offers yet. Til they do, wheat stays home anyway.

[farmaholic]

Agreed. Open running rights? I hate being held hostage. We aren't the only shippers. I doubt the government will let them be out for long.

[BTO_farmalll]

What in Any Other Industry Does The Seller Pay Freight?????????????????????????

Once The Grain Falls Thru That Slit in The Floor, I Have Washed My Hands of It, Its Their Baby Now!!!!!!!!!!

[BTO_farmalll]

And Here We Have CeePee's Stock @ $240 Per Share,

BUT,

No Money in Hauling Grain*************