As expected, Canada’s two largest railroads have shut down. The Teamsters Union is at odds with the Canadian National and Canadian Pacific Kansas City railroads over wages, benefits, and scheduling. American Farm Bureau Federation economist Danny Munch said this work stoppage is happening at a bad time for U.S. agriculture. “We are heading into harvest season. We are expecting record yields. We have commodity prices dropping. A lot of our bins are still zero to 25 percent full because a lot of farmers have been holding onto product.” The labor dispute is described as a pressure valve on the ability to move product.
