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Canadian Pacific Resumes Operations as Strike Ends

6/1/2012 11:30:00 AM
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Canadian Pacific Railway resumed operations Friday morning after a week-long strike, Reuters reported.

Lawmakers concerned about the impact on economy pushed through back-to-work legislation late Thursday to end the strike, Reuters said.

About 4,800 CP engineers, conductors and traffic controllers walked off the job May 23 after talks stalled on company efforts to cut pension payments.

Canadian Pacific is Canada’s second-largest freight railroad, behind Canadian National.

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Emil Estafanous, CPA, CFF, CGMA