Business News: Big economic impact of rail stoppage

Published: Aug 25, 2024 Duration: 00:03:21 Category: News & Politics

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some welcome news for commuters go trains are back up and running along the Milton line and into Hamilton station today Riders spent Thursday and Friday scrambling for another way to get to work due to a work stoppage involving CN and CP employees Ari renovich is off today but we're joined by Phil Martino in the business center happy Monday Phil happy Monday you're stuck with me today Marissa it's a pleasure it's a pleasure and a Phil Freight Service is also restarting after the government ordered every everyone back to work they're back on track so a 4-day work stoppage at Canada's two largest Railways has come to an end and this is after the Canada industrial Relations Board of Canada uh Relations Board rather ordered Canadian National Railway and Canadian pafic Kansas City to resume operations and 9,300 workers to return to work ahead of binding arbitration now it was smooth sailing for commuters on cpkc owned lines in Toronto Montreal and Vancouver today but both ways have said a full recovery for Freight traffic will take weeks agriculture forestry and Manufacturing were among the hardest hit sectors the financial impact of the stoppage remains unclear but credit rating agency Moody's warns it could cost the Canadian economy $341 million per day wow okay now another potential labor stoppage is brewing at Canada's largest airline this is a strike Travelers do not want want to see myself included the federal conciliation process between the country's largest Carrier Air Canada and the union representing its Pilots has ended this will be followed by a 21-day cooling off after which the 5400 Pilots will be in a legal strike position starting September 17th the pilots voted 98% in favor of giving their Union the airline pilots Association a strike mandate now what would an Air Canada pilot strike look like picture this it would ground 1,000 flights a day wow a lot of flights hopeful hopefully uh Travelers will be spared from that yeah not at all now speaking of air travel a major data breach has been exposed right I mean I don't use this service but a lot of people I know do use it uh park and fly so off Airport parking operator park and fly says a thirdparty accessed the park andly Network through unauthorized remote VPN access between July 11th and July 13th park and fly says immediately upon discovering this event its information technology team launched an investigation it adds quote we can confirm with certainty that no customer credit cards or passwords are stored on our servers and no payment information was compromised all platforms were fully restored within 5 days about 1 million customer files were accessed the personal information that may have been obtained may have included names and basic contact information such as email addresses and mailing addresses and aop plan plan and CA members the customers and stakeholders whose information may have been impacted have been contacted directly through email okay well thank you Phil that's Phil Martino in the business center thanks Melissa

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