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IBEW Ratifies New CN Collective Agreement

1. CNI's new collective agreement with IBEW ratified on February 14, 2025. 2. Agreement covers 750 employees and includes 3% annual wage increases. 3. The contract supports safe and reliable service delivery. 4. CNI operates a vast rail network, enhancing North American trade.

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Why Bullish?

Stable labor agreements typically reduce operational disruptions, enhancing investor confidence. Past contracts have positively affected CNI's stock stability.

How important is it?

This agreement solidifies workforce stability, a key aspect of operational efficiency. Collective agreements are critical to long-term business performance.

Why Long Term?

The four-year contract extends through 2028, providing lasting stability. Historical agreements have shown to improve long-term financial predictability.

Related Companies

CNRUNPCSX
February 17, 2025 12:00 ET  | Source: Canadian National Railway Company MONTREAL, Feb. 17, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its new four-year tentative collective agreement with the International Brotherhood of Electric Workers (IBEW) was formally ratified by employees on Friday, February 14, 2025. The union represents approximately 750 Signals and Communications employees at CN in Canada. “The ratification of this agreement by our employees with the IBEW union represents a mutually beneficial outcome. This is what we strive for in the collective bargaining process, allowing us to continue delivering safe, efficient, and reliable service to our customers and the communities where we operate." - Patrick Whitehead, Executive Vice-President and Chief Network Operating Officer, CN This new four-year agreement includes 3% wage increases annually. It expires on December 31st, 2028. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.  Contacts: MediaInvestment CommunityAshley MichnowskiStacy AldersonSenior ManagerAssistant Vice-PresidentMedia RelationsInvestor Relations(438) 596-4329(514) 399-0052media@cn.cainvestor.relations@cn.ca

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