09:44 AM EST - Canadian National Railway : made a new offer to the Teamsters Canada Rail Conference or TCRC, in an effort to break the impasse with the TCRC and end the strike. In a good-faith effort to reach a settlement, CN is offering to agree to binding arbitration on wage and benefit issues, and roll back the 4,300-mile monthly cap for locomotive engineers to 3,800 miles, on the condition that the TCRC withdraws its work-rule demands from the bargaining table. CN notes the TCRC previously offered to submit the wage portion of the dispute to final and binding arbitration upon successful resolution of the other outstanding issues. Canadian National Railway
shares T.CNR are trading down $0.29 at $56.01.
