USW ratifies new collective bargaining agreement with CPKC

Canadian Pacific Kansas City (CP) announced that the United Steelworkers (USW), representing about 600 clerical and intermodal employees in Canada, has ratified a new four-year collective agreement.

Rhea-AI Summary

Canadian Pacific Kansas City (CP) announced that the United Steelworkers (USW), representing about 600 clerical and intermodal employees in Canada, has ratified a new four-year collective agreement. This marks the third collective agreement ratified by CPKC employees in Canada this year.

The agreement provides long-term labor stability, increased wages, and improved benefits. Earlier in February, two other agreements were ratified: one with Teamsters Canada Rail Conference Maintenance of Way Employees Division (representing approximately 2,300 engineering services employees) and another with Unifor (representing about 1,200 mechanical employees).

Positive

• Successful ratification of labor agreement with USW covering 600 employees
• Third successful labor agreement in 2025, demonstrating strong labor relations
• Long-term stability secured through 4-year agreement duration
• Improved compensation package including increased wages and benefits

Negative

• Potential increased operational costs due to wage increases and improved benefits

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CALGARY, AB, March 17, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said that United Steelworkers (USW), representing approximately 600 clerical and intermodal employees in Canada, has ratified a new four-year collective agreement.

"We are pleased to have received strong support for another collective agreement, the third in Canada reached this year at the bargaining table providing long-term labor stability, increased wages and improved benefits for thousands of CPKC employees across the country," said CPKC President and Chief Executive Officer Keith Creel. "With this agreement and ratification, made possible through collaboration with the United Steelworkers, our railroaders remain focused on continuing to safely and efficiently serve our customers, moving Canada's supply chain and supporting the North American economy." 

This is the third new collective agreement ratified this year by CPKC employees in Canada. Teamsters Canada Rail Conference Maintenance of Way Employees Division representing approximately 2,300 engineering services employees in Canada and Unifor representing approximately 1,200 mechanical employees both ratified new four-year collective agreements in February.

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 of México 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

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

How many employees are covered under CPKC's new USW agreement in 2025?

The new agreement covers approximately 600 clerical and intermodal employees in Canada.

How long is the new CP collective agreement with United Steelworkers?

The new collective agreement with USW is a four-year term.

How many collective agreements has CP ratified in Canada in 2025?

CPKC has ratified three collective agreements in Canada in 2025.

What unions have ratified agreements with CP in 2025?

USW, Teamsters Canada Rail Conference Maintenance of Way Employees Division, and Unifor have ratified agreements with CPKC in 2025.

How many total employees are covered under CP's 2025 labor agreements?

Approximately 4,100 employees are covered under the three agreements (600 USW, 2,300 Teamsters, and 1,200 Unifor members).