Lion Electric President Nicolas Brunet Resigns
The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat.
Mach in Talks to Help Rescue Electric Vehicle Maker Lion
Mach Capital, the investment arm of Canadian real estate developer Groupe Mach, is in discussions to provide more funding to cash-strapped electric bus and truck manufacturer Lion Electric.
Canada Orders Ports to Restart as Labor Disputes Choke Trade
Justin Trudeau’s government directed an independent labor board to end lockouts at Canada’s largest ports, as it did with railways in August, to avoid an economic disruption in the country.
Montreal Port Seeks Trudeau’s Help to End Dockworker Strike
Two terminals operated by Termont Montreal that account for about 40% of the port’s container handling capacity have been closed since Oct. 31 after unionized dockworkers walked off the job
Montreal Port Workers Set to Strike Over Wage Dispute
The union, which represents 1,200 dockworkers, gave 72-hour strike notice on Sept. 27 to the Maritime Employers Association.
Train Movements in Canada Close to Normal
Train movements at Canadian National Railway and Canadian Pacific Kansas City are almost back to normal after a short lockout of unionized workers, according to data provider RailState.
CN Railway Reports Q2 Revenue Down 7%
Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.
Circle K Owner Goes on Food Marketing Push
Circle K parent Alimentation Couche-Tard Inc. only gets about half of its gross profit from fuel. That has CEO Brian Hannasch thinking about how to kickstart the company’s fresh food business, which represents just 11% of sales in its 9,000 North American stores.