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CPKC reaches tentative collective agreement with Unifor

1. CPKC reached a tentative four-year agreement with Unifor for 1,200 employees. 2. Agreement aims to benefit employees and support customer service. 3. Details of the agreement are pending ratification. 4. CPKC operates a unique transnational railway across North America. 5. The deal signals stability for operations and workforce management.

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FAQ

Why Bullish?

The agreement may enhance operational efficiency and employee satisfaction, possibly driving stock performance positively. Past agreements have generally led to stable workforce management and improved service delivery.

How important is it?

This agreement is significant for operational integrity and employee relationships, impacting overall business performance. However, specific financial impacts will depend on further details being disclosed.

Why Short Term?

The impact is likely to be realized quickly following ratification as operations stabilize. Similar past agreements have provided immediate benefits post-ratification.

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UNIFOR
, /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it has reached a tentative four-year collective agreement with Unifor representing approximately 1,200 employees at CPKC in Canada. "We are pleased to have reached a tentative collective agreement at the negotiating table with our mechanical employees in Canada," said Keith Creel, CPKC President and Chief Executive Officer. "By working collaboratively together with Unifor, we have reached an agreement benefiting our employees and their families while continuing to serve the needs of our customers and keeping the Canadian economy moving forward."   Unifor represents mechanics, labourers, diesel service attendants and mechanical support staff. Details of the tentative collective agreement are not being released pending ratification of the new agreement.  About CPKCWith its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf of México to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR SOURCE CPKC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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