CPKC Reaches Tentative Collective Agreements with Unions
Canadian Pacific Kansas City (TSX: CP) (NYSE: CP), also known as CPKC, has announced the successful negotiation of 13 tentative collective agreements with various unions across the United States. These agreements are designed to benefit a diverse range of employees including carmen, hostlers, laborers, clerks, maintenance workers, and supervisors in mechanical and engineering fields.
Details of the Collective Agreements
Among the new agreements, six are tentative five-year contracts established with the Brotherhood of Railway Carmen. These contracts cover employees from specific properties including Delaware & Hudson, Soo Line, Kansas City Southern, MidSouth, SouthRail, and TexMex. In total, these agreements will positively impact 228 carmen across the nation.
Additionally, five more tentative agreements have been reached with the Transportation Communications Union (TCU/IAM) alongside the American Railway and Airway Supervisors Association (ARASA). These contracts encompass clerks and maintenance workers and are associated with operations on Delaware & Hudson, Soo Line, and Kansas City Southern properties, covering about 105 workers.
Support for Hostlers and Laborers
Moreover, CPKC has also finalized two tentative agreements with the National Conference of Firemen and Oilers (NCF&O). These contracts are tailored for hostlers and laborers working on the Soo Line and Kansas City Southern properties, with a total of 30 employees benefiting from these agreements.
Management's Commitment
Expressing his satisfaction with the outcome, Keith Creel, the President and Chief Executive Officer of CPKC, shared, "We are pleased to have reached these tentative collective agreements offering increased wages to hundreds of our railroaders across the United States. By working collaboratively with our union leaders at the bargaining table, we have reached agreements benefiting our employees and their families, as we serve our customers and keep the American economy moving forward."
Locations of Impacted Employees
Employees who are part of these tentative agreements are situated across multiple states including Illinois, Louisiana, Minnesota, Mississippi, Missouri, New York, North Dakota, Oklahoma, Texas, and Wisconsin. The reach of CPKC’s agreements underscores its commitment to its workforce and the various communities interconnected within its operational network.
Next Steps in the Process
It is important to note that these tentative agreements are subject to ratification by the membership of the unions involved. The process of ratification is a critical step ensuring that the agreements reflect the needs and opinions of the union members.
About Canadian Pacific Kansas City
With its headquarters in Calgary, Alberta, Canada, CPKC stands as the first and only transnational railway operating on a single-line between Canada, the United States, and Mexico. It boasts an extensive network providing access to major ports from coast to coast, covering approximately 20,000 route miles. CPKC is proud to employ around 20,000 railroaders who deliver exceptional rail services and logistical support across North America. The company continues to innovate and expand its offerings in freight transportation, logistics solutions, and supply chain management.
Frequently Asked Questions
What is the significance of the new agreements?
The agreements enhance wages and support for hundreds of employees, ensuring they are well-compensated for their work.
Who are the unions involved in these agreements?
Major unions involved include the Brotherhood of Railway Carmen and the Transportation Communications Union.
How many employees are covered by these agreements?
These agreements benefit over 300 employees across various roles in the United States.
Where are the impacted employees located?
They are situated in several states including Illinois, Texas, and New York.
What is the next step after reaching these tentative agreements?
The agreements need to be ratified by the union members to become official contracts.
