August 21, 2024 – With no announcements from the rail lines or their unions, we brace for the beginning of the strike/lockout. Although Maersk has now advised that they no longer have a ban on cargo to Canada, we are already hearing reports of a turbulent wind-down in operations. Although many of Canaan’s customers have already known about the pending rail strike, we are still getting calls from customers that were unaware of the developments. Our current forecast is that this strike may take upwards of 2 weeks before a negotiated settlement and/or binding arbitration is ordered, given the weakness of the current Liberal minority and its dependence on the NDP.