Unifor Affiliated CNTL Drivers Ratify New Collective Agreement
CN announced that a new four-year collective agreement between CNTL, its subsidiary for first and last mile trucking, and Unifor-affiliated owner-operators has been ratified. This agreement impacts around 750 owner-operators in Canada and will be in effect until December 31, 2027. The agreement was achieved through collaborative negotiations and aims to support business needs and ensure the seamless delivery of container pickups and deliveries.
- A new four-year collective agreement ensuring stability until December 31, 2027.
- The agreement covers approximately 750 owner-operators, ensuring sufficient workforce for operations.
- Collaborative negotiations indicate a positive working relationship between CNTL and Unifor.
- The new agreement could potentially involve higher operational costs due to better terms for owner-operators.
- No specific financial details were disclosed, leaving uncertainty about the economic impact.
MONTREAL, May 14, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the tentative agreement between CNTL, a CN subsidiary dedicated to first and last mile trucking container pickup and deliveries, and owner-operators affiliated with Unifor has been ratified. This four-year agreement covers approximately 750 owner-operators under contract with CNTL in Canada until December 31, 2027.
“We are pleased that CNTL reached this new agreement with Unifor through collaborative negotiations. We are committed to working with owner-operators to support business needs and ensure that they can deliver critical first mile and last mile services to our customers.”
- Remi G. Lalonde, Executive Vice-President and Chief Commercial Officer at 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. CN’s network connects Canada’s Eastern and Western coasts with the U.S. South through an 18,800-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:
| Media | Investment Community |
| Jonathan Abecassis | Stacy Alderson |
| Director, Public Affairs and | Assistant Vice-President |
| Media Relations | Investor Relations |
| (438) 455-3692 media@cn.ca | (514) 399-0052 investor.relations@cn.ca |
FAQ
What is the significance of the new collective agreement for CNTL owner-operators?
How long is the new CNTL and Unifor agreement in effect?
How many owner-operators are affected by the new CNTL collective agreement?
Which CN subsidiary is involved in the new collective agreement?
What is the stock symbol for CN on the NYSE?
