CPR and CAW-TCA Canada reach agreement in principle on three-year contract with freight car and locomotive repair and servicing
17 Febbraio 2005 - 5:55PM
PR Newswire (US)
CPR and CAW-TCA Canada reach agreement in principle on three-year
contract with freight car and locomotive repair and servicing
employees CALGARY, Feb. 17 /PRNewswire-FirstCall/ -- Canadian
Pacific Railway (TSX/NYSE: CP) and the CAW-TCA Canada announced
today that they have reached agreement in principle to renew
collective agreements governing approximately 2,600 employees who
maintain and repair locomotives and rail cars. The three-year
agreement, which extends to the end of 2007, provides for wage,
benefits, work rule and productivity improvements. Details are not
available pending ratification. "The manner in which this agreement
was negotiated speaks to the positive business relationship that
exists between CPR and the CAW-TCA Canada," Rob Ritchie, President
and Chief Executive Officer of CPR, said. "We have reached an
agreement that delivers value for CPR's shareholders and recognizes
the important contribution these employees make to safe and
efficient rail operations and reliable service." Tom Murphy,
President Local 101 with the CAW - TCA Canada, said the agreement
is the first in 18 years that was secured with CPR without the use
of third-party assistance. "We are very pleased to see the
successful conclusion of this negotiation," Mr. Murphy said.
Ratification results will be determined over the next few months.
Canadian Pacific Railway is a transcontinental carrier operating in
Canada and the U.S. Its 14,000-mile rail network serves the
principal centres of Canada, from Montreal to Vancouver, and the
U.S. Northeast and Midwest regions. CPR feeds directly into
America's heartland from the East and West coasts. Alliances with
other carriers extend its market reach throughout the U.S. and into
Mexico. Canadian Pacific Logistics Solutions provides logistics and
supply chain expertise worldwide. For more information, visit CPR's
website at http://www.cpr.ca/. DATASOURCE: Canadian Pacific Railway
CONTACT: Media: Len Cocolicchio, Tel.: (403) 319-7591, E-mail: ;
Investors: Paul Bell, Vice-President, Investor Relations, (403)
319-3591, E-mail:
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