By Tyler Durden | 21 March 2022
ZERO HEDGE — The North American agricultural sector could be in for a major shock if Canadian Pacific Railway Ltd’s (CP Rail) work stoppage is not resolved in a timely manner because it could spark a shortage of fertilizer and other shipments critical for the spring growing season, according to AP News.
AP News reports more than 3,000 CP Rail conductors, engineers, train, and yard workers represented by the Teamsters Canada Rail Conference stepped off the job Sunday as the union and CP Rail couldn’t strike a deal.
CP Rail is the leading carrier of potash, a potassium-rich salt mined from underground deposits formed from evaporated sea beds millions of years ago, used to support crop development. In prior investor documents, the rail company said it hauls 70% of the potash produced in North America, all from mines in Canada. The railroad also carries fertilizers, including phosphate, urea, ammonium sulfate, ammonium nitrate, and anhydrous ammonia. […]
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