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TCRC-MWED ratifies new collective bargaining agreement with CPKC

1. CPKC ratifies a four-year collective agreement with Teamsters Canada. 2. The agreement enhances wages and benefits for 2,300 employees. 3. Labor stability supports safe and efficient operations at CPKC. 4. CPKC's unique market position boosts customer service capabilities.

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FAQ

Why Bullish?

Labor stability may improve operational efficiency, positively affecting profitability.

How important is it?

The agreement is crucial for CPKC's operational stability and market competitiveness.

Why Long Term?

Improved labor relations can lead to sustained performance over time, similar to previous railway agreements.

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CPCSXNSC
, /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said that Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) representing engineering service employees in Canada has ratified a new four-year collective agreement. "Working collaboratively with the Teamsters Canada Rail Conference Maintenance of Way Employees Division, we have completed a new agreement that provides improved wages and benefits to our employees," said Keith Creel, CPKC President and Chief Executive Officer. "This agreement, reached at the bargaining table and ratified with strong support among the membership, brings long-term labor stability for our engineering employees allowing us to continue our work safely and efficiently serving our customers and delivering for the Canadian economy."    TCRC-MWED represents approximately 2,300 engineering service employees across Canada. 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 Also from this source

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