CPKC Moves to Restart Rail Operations Following CIRB Order

Canadian Pacific Kansas City (CPKC) said it will restart railway operations in Canada by 00:01 ET on Monday, Aug. 26, following the Canada Industrial Relations Board (CIRB) order requiring CPKC to resume operations and Teamsters Canada Rail Conference (TCRC) employees to resume their duties.

CPKC will fully comply with the CIRB order. As such, CPKC is ending the lockout initiated on Thursday, Aug. 22. CPKC has asked the TCRC for employees to return to work for the day shift on Sunday so that we can get the Canadian economy moving again as quickly as possible and avoid further disruption to supply chains. 

Our team is executing its restart plan for the safe and orderly resumption of rail service across Canada. We are working with customers on a balanced return to normal operations.

The CIRB will be convening a case management meeting with the parties Thursday, Aug. 29, to discuss the imposition of final binding interest arbitration.

As specified in the CIRB’s order, the existing collective agreements between the company and the union are in force.

The CIRB’s order was issued following the Canadian Minister of Labour’s direction on Thursday, Aug. 22, pursuant to his authority under Section 107 of the Canada Labour Code.

CPKC looks forward to welcoming all of our Canadian locomotive engineers, conductors, yardpersons and dispatchers back to work. We are focused on restoring our railway to full strength as we get back to serving our customers and moving Canada’s trade and commerce throughout North America.

The CIRB order ends months of unnecessary uncertainty and disruption for the Canadian economy and North American supply chains. We anticipate it will take several weeks for the railway network to fully recover from this work stoppage and a period of time beyond that for supply chains to stabilize.

About CPKC

Canadian Pacific Kansas City Limited (“CPKC” or the “Company”) owns and operates a transcontinental freight railway spanning Canada, the United States (“U.S.”), and Mexico. CPKC provides rail and intermodal transportation services over a network of approximately 20,000 miles, serving principal business centres across Canada, the U.S., and Mexico. The Company transports bulk commodities, merchandise, and intermodal freight. CPKC’s Common Shares trade on the Toronto Stock Exchange and New York Stock Exchange under the symbol “CP”.

Contact:

Chris de Bruyn – Investor Relations – investor@cpkcr.com – (403) 319-3591

Source: Canadian Pacific Kansas City Limited