CP Strike Resolved, Spain Disruption Continues

Canada: Canadian Pacific (CP) trains were stopped in their tracks for two days as thousands of workers joined picket lines after negotiations between the union and the company broke down last Sunday. The government in Ottawa has been under intense pressure to intervene. Fortunately, operations are scheduled to restart today after an agreement was reached with Teamsters Canada Rail Conference for further arbitration with conductors and engineers. 

Spain: The situation in Spain continues to worsen despite an announcement by the Spanish government to earmark 500 million Euro for aid to the trucking industry. The strikers are continuing their protests, stating that the offer is not concrete and they are increasing the demonstrations and blockade of roads and logistics nodes, including the port terminals and container depots. Our reports from Albatrans Spain indicate the situation is causing almost 100% stoppage of container transport into the ports and many industries are about to close their activities. Unfortunately, this does not appear to be a short term problem. We will continue to provide daily updates, and please let us know if you need any further details.