CP announces ratification of new collective agreement with BLET in Midwest

Canadian Pacific announced the ratification of a new collective agreement with the Brotherhood of Locomotive Engineers and Trainmen, or BLET, representing hundreds of CP and Kansas City Southern locomotive engineers and trainmen in U.S. Midwest locations, which will take effect upon the consummation of the proposed CP-KCS combination, which remains subject to receipt of regulatory approval by the U.S. Surface Transportation Board. CP’s proposed combination with KCS remains subject to regulatory approval by the STB. An STB decision is expected in first quarter of 2023. "These hourly agreements improve pay and quality of life for our employees by providing more scheduled time off, something national agreements typically don’t, while creating the operational flexibility needed to deliver better service to our customers. These innovative agreements will create predictable schedules for conductors and engineers and empower us to attract and retain the most talented railroaders in the industry as we successfully serve our customers with, pending regulatory approval, a combined CPKC connecting Canada, the U.S. and Mexico," said Keith Creel, CP President and CEO.