Canadian Pacific Kansas City Ratifies New Collective Agreement with Teamsters Canada Rail Conference

CALGARY, AB, Feb. 14, 2025

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) representing engineering service employees in Canada has ratified a new four-year collective agreement. The agreement, which was reached through collaboration between CPKC and TCRC-MWED, includes improved wages and benefits for employees.

“Working collaboratively with the Teamsters Canada Rail Conference Maintenance of Way Employees Division, we have completed a new agreement that provides improved wages and benefits to our employees,” said Keith Creel, CPKC President and Chief Executive Officer.

This new agreement is a positive development for both Canadian Pacific Kansas City and the Teamsters Canada Rail Conference Maintenance of Way Employees Division. It demonstrates a commitment to fair compensation and a mutually beneficial working relationship between the two parties.

Overall, this ratification is a step forward in ensuring the well-being and satisfaction of CPKC employees, while also contributing to the continued success and growth of the company.

Impact on Individuals

For individuals working within Canadian Pacific Kansas City represented by the Teamsters Canada Rail Conference Maintenance of Way Employees Division, this new collective agreement means improved wages and benefits, providing a better quality of work life and financial security. This can lead to increased job satisfaction and a more positive work environment for employees.

Impact on the World

The ratification of this new collective agreement between Canadian Pacific Kansas City and the Teamsters Canada Rail Conference Maintenance of Way Employees Division has the potential to set a positive example for labor relations in the railway industry. By demonstrating a commitment to fair compensation and collaboration, CPKC is contributing to a more stable and productive workforce, which can have broader implications for the industry as a whole.

Conclusion

In conclusion, the ratification of this new collective agreement is a significant milestone for Canadian Pacific Kansas City and the Teamsters Canada Rail Conference Maintenance of Way Employees Division. By working together to secure improved wages and benefits for employees, both parties have demonstrated their commitment to a positive and mutually beneficial relationship. This agreement not only benefits individuals within CPKC, but also has the potential to create a positive impact on the railway industry as a whole.