CPKC reaches tentative collective agreement with BLET

The proposed labor terms provide increased wages and more flexible work rules for approximately 250 employees.

Rhea-AI Summary

Canadian Pacific Kansas City (CP) has reached a tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen.

The agreement covers approximately 250 train & engine employees on the southern Dakota, Minnesota and Eastern property, operating in Minnesota, Iowa, Illinois and Missouri. It provides increased wages and more flexible work rules and remains pending ratification by union members.

Positive

• Minor pointMore flexible work rules are included in the tentative five-year BLET agreement.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Increased wages under the tentative agreement add labor costs for covered employees.
• Minor pointUnion membership ratification remains pending for the tentative agreement.

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CALGARY, AB, Oct. 1, 2026 /PRNewswire/ -- Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it has reached a new tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen (BLET).

The tentative agreement providing increased wages and more flexible work rules covers approximately 250 train & engine employees on the southern portion of the Dakota, Minnesota and Eastern (DM&E) property operating trains in Minnesota, Iowa, Illinois and Missouri.

"We are very pleased to have reached this latest tentative collective agreement benefiting more of our railroaders in the United States," said Keith Creel, CPKC President and Chief Executive Officer. "Thank you to the BLET leadership for working with us to reach another agreement at the bargaining table as together we continue to safely and efficiently deliver for our customers across the Midwest and our entire North American network."

The tentative agreement is pending ratification by the union's membership.

About CPKC

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing approximately 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

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SOURCE CPKC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does CPKC's tentative BLET agreement cover?

The tentative five-year agreement covers approximately 250 train & engine employees on the southern Dakota, Minnesota and Eastern property. These employees operate trains in Minnesota, Iowa, Illinois and Missouri. The terms provide increased wages and more flexible work rules.

Is CPKC's new BLET collective agreement final?

No. The agreement is tentative and remains pending ratification by the union's membership.