CPKC Mechanical Employees Ratify New Collective Bargaining Agreement

Canadian Pacific Kansas City (CPKC) said that Unifor, representing mechanical employees in Canada, has ratified a new four-year collective agreement.

“By working collaboratively together with Unifor, we have completed another collective agreement reached at the bargaining table that benefits our employees with improved wages and benefits for years to come,” said Keith Creel, CPKC President and Chief Executive Officer. “This agreement, ratified with strong support among our mechanical employees, brings long-term labor stability to our railroaders as we continue to safely and efficiently serve our customers moving the Canadian and North American economies.” 

Unifor represents approximately 1,200 mechanics, labourers, diesel service attendants and mechanical support staff across Canada.

This is the second new collective agreement ratified this year by CPKC employees in Canada. Teamsters Canada Rail Conference Maintenance of Way Employees Division representing approximately 2,300 engineering services employees in Canada ratified a new four-year collective agreement earlier this month.

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