(CN Rail via MarketWatch)
CN Rail announced today that locomotive engineers in Canada represented by the Teamsters Canada Rail Conference (TCRC) union have ratified a new collective agreement with the company.
The three-year agreement retroactive to Jan. 1, 2015, provides wage increases and benefit improvements to approximately 1,800 locomotive engineers.
Jim Vena, CN executive vice-president and chief operating officer, said: "We are pleased with the TCRC members' ratification of this new labour agreement, which was bargained by the parties in February 2015 without the threat of labour disruption. With this ratification, CN has concluded its current round of collective bargaining in Canada and remains focused on delivering solid service to our customers and acting as a true backbone of the economy." Click here to read more.
Related: CNR to Invest in Feeder Rail Lines on the Prairies (Canadian Press)