Operations at Canadian Pacific Kansas City Ltd. will likely grind to a halt due to a strike expected in the second half of August, says CEO Keith Creel, as shippers gear up for the threat of massive rail shutdown.
“We’re far apart,” Creel said Tuesday, referring to the railway and the union representing 3,300 workers, which remain at loggerheads over a new collective agreement.
“I’m just being transparent and honest. It’s going to be a challenge.”
A work stoppage is “most probable” toward the end of the month, Creel told analysts on a conference call.
The prediction stands in contrast to expectations spelled out by Canadian National Railway Co.,
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