CPKC reaches tentative collective agreements in United States

Rhea-AI Summary

Canadian Pacific Kansas City (NYSE: CP) said on November 5, 2025 it reached 13 tentative collective agreements in the United States covering carmen, hostlers, laborers, clerks, maintenance workers and mechanical and engineering supervisors.

The agreements are five‑year terms and cover 228 carmen, approximately 105 clerks/maintenance/supervisors and 30 hostlers and laborers (about 363 employees total) across Illinois, Louisiana, Minnesota, Mississippi, Missouri, New York, North Dakota, Oklahoma, Texas and Wisconsin. The company said the agreements offer increased wages to hundreds of employees and are pending ratification by union membership.

Positive

• 13 tentative five‑year agreements reached
• Agreements cover 363 U.S. employees total
• Wage increases offered to hundreds of employees
• Covers operations in 10 U.S. states

Negative

• All agreements are tentative and pending ratification by union members

Insights

Labor Relations Analyst

CPKC reached 13 tentative U.S. five-year agreements covering ~363 employees; agreements are pending member ratification.

CPKC reached 13 tentative five-year collective agreements covering a total of approximately 363 U.S. employees across multiple properties and job classes. The accords span the Brotherhood of Railway Carmen, TCU/IAM, ARASA and NCF&O and explicitly state they include increased wages for employees.

The business impact flows from labor stability and predictable labour costs over five years, while the immediate dependency is successful ratification by union memberships. Key risks include rejection at ratification and any undisclosed cost details; monitor ratification votes and any public disclosure of wage terms and effective dates.

CALGARY, AB, Nov. 5, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it has reached 13 new tentative collective agreements with unions in the United States representing carmen, hostlers, laborers, clerks, maintenance workers, as well as mechanical and engineering supervisor employees.

Six tentative five-year collective agreements have been reached with the Brotherhood of Railway Carmen representing employees on the Delaware & Hudson, Soo Line, Kansas City Southern, MidSouth, SouthRail and TexMex properties. The agreements cover a total of 228 carmen in the United States.

Five tentative five-year collective agreements have been reached with the Transportation Communications Union (TCU/IAM) and American Railway and Airway Supervisors Association (ARASA) representing clerks, maintenance workers, and mechanical and engineering supervisor employees in the United States on the Delaware & Hudson, Soo Line, and Kansas City Southern properties. The agreements cover approximately 105 employees in the United States.

Two other tentative five-year collective agreements have been reached with National Conference of Firemen and Oilers (NCF&O) employees on the Soo Line and Kansas City Southern properties. These agreements cover a total of 30 hostlers and laborers in the United States.

"We are pleased to have reached these tentative collective agreements offering increased wages to hundreds of our railroaders across the United States," said Keith Creel, CPKC President and Chief Executive Officer. "By working collaboratively with our union leaders at the bargaining table, we have reached agreements benefiting our employees and their families, as we serve our customers and keep the American economy moving forward."

Employees represented by the unions reaching these tentative agreements work in Illinois, Louisiana, Minnesota, Mississippi, Missouri, New York, North Dakota, Oklahoma, Texas and Wisconsin.

The tentative agreements are 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 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

What did CPKC (NYSE: CP) announce on November 5, 2025 about U.S. labor agreements?

CPKC announced 13 tentative five‑year collective agreements covering about 363 U.S. employees across multiple properties.

How many employees does the CPKC tentative deal cover for carmen (CP)?

The Brotherhood of Railway Carmen agreements cover 228 carmen in the United States.

What is the term length of the tentative CPKC collective agreements (CP)?

Each tentative agreement is a five‑year collective agreement.

Which U.S. states have employees covered by the CPKC tentative agreements (CP)?

Employees covered work in Illinois, Louisiana, Minnesota, Mississippi, Missouri, New York, North Dakota, Oklahoma, Texas and Wisconsin.

Do the tentative CPKC agreements (CP) include wage increases and are they final?

The company said the agreements offer increased wages, but they are tentative and subject to union ratification.

Which unions reached tentative agreements with CPKC (CP) on November 5, 2025?

Agreements were reached with the Brotherhood of Railway Carmen, TCU/IAM, ARASA and NCF&O representing various U.S. employees.