CN conductors in Canada ratify new labour agreement

CN (TSX: CNR) (NYSE: CNI) has announced that the  Teamsters Canada Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) union that represents the company’s conductors and yard crews in Canadahas ratified a new collective agreement with the company.

The three-year agreement retroactive to July 23, 2016, provides wage increases and benefit improvements to approximately 3,000 conductors.

Mike Cory, CN executive vice-president and chief operating officer, said: “We are pleased to have completed this agreement with TCRC-CTY members.  This agreement is testament to the benefits of relationship building and we look forward to continuing to foster this relationship moving forward.  Together, we reached this agreement without a labour disruption allowing us to continue providing quality service to our customers.”

This has been excerpted from an 8 August 2017 news release by CN.