CPKC receives arbitration decision establishing new TCRC collective agreements

Core Points - Canadian Pacific Kansas City (CPKC) has received an arbitrator's ruling establishing new collective bargaining agreements with the Teamsters Canada Rail Conference (TCRC) for Train and Engine (T&E) and Rail Canada Traffic Controllers (RCTC) divisions [1][2] - The arbitrator's ruling results in new four-year contracts effective from January 1, 2024, to December 31, 2027, which include annual wage increases of 3% [3][4] - The agreements aim to bring labor stability to CPKC operations in Canada, ensuring efficient and dependable rail service [5] Summary by Sections Collective Bargaining Agreements - The new contracts cover approximately 3,200 locomotive engineers, conductors, train, and yard workers, as well as about 80 rail traffic controllers in Canada [2] - The agreements do not require ratification, streamlining the implementation process [3] Labor Stability - These agreements follow the earlier ratification of three new collective agreements for thousands of mechanical, engineering, clerical, and intermodal employees in Canada [4] - The establishment of these multi-year agreements is expected to enhance operational efficiency and service reliability for CPKC [5] Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the United States, and Mexico, with a network of approximately 20,000 route miles [10] - The company employs around 20,000 railroaders and provides extensive freight transportation services and logistics solutions across North America [10]