Canadian Pacific Announces Ratification of New Collective Agreement With Soo Line BLET

Canadian Pacific (NYSE: CP) (TSX: CP) said today that members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) have ratified a new five-year collective agreement covering approximately 300 employees working on CP’s Soo Line subsidiary.

“We thank the BLET for working collaboratively to reach this negotiated collective agreement,” said Keith Creel, CP’s President and CEO. “The ratification of this agreement, which provides improved pay and flexibility, is a positive for our railroaders, further demonstrating CP’s commitment to reaching new negotiated collective agreements.”

CP has successfully negotiated agreements with multiple unions representing craft employees in recent months, resulting in the ratification of 16 agreements in 2023 in Canada and the United States.

The BLET hourly collective agreement includes Soo Line locomotive engineers in North Dakota, Minnesota, Wisconsin, Illinois and Indiana.

About Canadian Pacific

Canadian Pacific (TSX: CP) (NYSE: CP) is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP.

Source: Canadian Pacific Railway Limited