JOURNAL ARTICLE

Rail Strike Would Be Costly Blow to BC Forestry, Industry Warns.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Seal, Thomas 3 of 3

Abstract

British Columbia's forestry industry is at risk of disruptions due to a potential rail strike, which would have significant economic consequences. The industry relies on rail transportation to move lumber and other forestry products across North America and for overseas shipments. If a strike occurs, there could be widespread mill closures and millions of dollars in weekly losses for the sector. The forest sector in BC contributes billions of dollars to the economy, generates thousands of jobs, and accounts for a significant portion of provincial manufacturing sales and commodity export value. Alternative transport methods are limited, so the industry is concerned about the impact of a rail stoppage. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/08, pN.PAG
  • Document Type:Article
  • Subject Area:Forestry
  • Publication Date:2024
  • Accession Number:179146563
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