Canadian Pacific Kansas City (CP) has reached a new tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen, or BLET. The tentative agreement providing increased wages and more flexible work rules covers approximately 300 locomotive engineers on the Soo Line property operating trains in Illinois, Indiana, Minnesota, North Dakota and Wisconsin. Last week, CPKC announced a series of 13 tentative five-year collective agreements with various unions representing approximately 360 employees across the U.S. All the tentative agreements announced this month are pending ratification by the unions’ membership.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CP:
- Canadian Pacific Kansas City price target lowered to $82.08 from $87.12 at Bernstein
- CPKC Earnings Call: Growth Amidst Challenges
- Canadian Pacific Kansas City reaches tentative collective agreements in U.S.
- Canadian Pacific Kansas City price target lowered to C$127 from C$129 at RBC Capital
- Canadian Pacific Kansas City price target lowered to $87 from $88 at Susquehanna
