Home News Industry News CP, TCRC-MWED reach tentative, five-year agreement

CP, TCRC-MWED reach tentative, five-year agreement

Canadian Pacific (TSX:CP) (NYSE:CP) and the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) today announced they have reached a tentative five-year agreement.

"We have been working collaboratively and proactively with the TCRC-MWED leadership on a deal that makes sense for both sides and provides stability over the long-term," said CP's President and CEO Keith Creel. "CP has worked hard, and will continue to work hard, to achieve long-term, innovative agreements with its unions that provide the framework for continued success for the company and its valued employees."

Details of the agreement will be presented to the TCRC-MWED for ratification by the union's leadership. TCRC-MWED represents approximately 2,000 workers at CP.

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing 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 cpr.ca to see the rail advantages of CP.

Source: Canadian Pacific

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