CN (TSX: CNR) (NYSE: CNI) said today that the Teamsters Canada Rail Conference - Conductors, Trainpersons and Yardpersons (TCRC-CTY) has advised the Company that the tentative labour agreements negotiated with the union in October 2013 have failed to ratify.
The TCRC-CTY represents approximately 3,000 CN train conductors, trainpersons, yardpersons and traffic coordinators on CN’s network in Canada.
Jim Vena, CN executive vice-president and chief operating officer, said: “Last fall, after extensive negotiations, we reached progressive agreements with the union leadership of the TCRC-CTY representing our Canadian employees. We are disappointed to learn that those agreements failed to ratify. We have agreed to meet with the TCRC-CTY leaders next week to review the ratification results and discuss solutions on how we move forward from here.”
CN (TSX: CNR) (NYSE: CNI) is a true backbone of the economy, transporting approximately C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN - Canadian National Railway Company, along with its operating railway subsidiaries—serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company’s website at http://www.cn.ca.