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CN and TCRC Reach Tentative Agreement

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CN has reached a tentative agreement with the Teamsters Canada Rail Conference (TCRC), representing 6,000 of its locomotive engineers, conductors, and yard staff in Canada. This agreement aims to ensure uninterrupted service across CN's rail network. Tracy Robinson, President and CEO of CN, expressed satisfaction with the productive discussions that led to this agreement, highlighting the importance of collaboration for the company’s operations.

CN operates an extensive 18,600-mile rail network, transporting over 300 million tons of goods annually across North America. This partnership reinforces CN's commitment to maintaining essential transportation services while supporting social responsibility and environmental stewardship.

Positive
  • Tentative agreement with TCRC to ensure service continuity.
  • Collaboration indicates strong labor relations.
Negative
  • None.

MONTREAL, April 23, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that a tentative agreement has been reached with the Teamsters Canada Rail Conference (TCRC). The union represents approximately 6,000 CN Locomotive Engineers, Conductors, Yard Conductors, and Yard Coordinators working on CN’s mainline, shortlines and yards, in Canada.

“We are pleased to have reached an agreement with the TCRC. We would like to thank their leadership for engaging with CN in proactive and productive discussions, ensuring uninterrupted service for our customers. We look forward to working with them in the future.”

-- Tracy Robinson, President and Chief Executive Officer, CN

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

Contacts:

MediaInvestment Community
Jonathan AbecassisPaul Butcher
Senior ManagerVice-President
Media RelationsInvestor Relations
438-455-3692
media@cn.ca
(514) 399-0052
investor.relations@cn.ca

FAQ

What does the recent agreement between CN and TCRC entail?

The agreement ensures uninterrupted service for CN's rail operations and represents 6,000 employees.

How many employees are represented by TCRC in the recent CN agreement?

Approximately 6,000 CN employees, including locomotive engineers and conductors.

What is the significance of CN's agreement with the Teamsters Canada Rail Conference?

It promotes labor stability and operational continuity for CN's rail services.

When was the CN and TCRC agreement announced?

The agreement was announced on April 23, 2023.

What is CN's stock symbol?

CN's stock symbol is CNI.

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