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CPKC disappointed by TCRC's decision to dispute Minister's direction to resume railway operations
CPKC disappointed by TCRC's decision to dispute Minister's direction to resume railway operations...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n\n\n\n CPKC disappointed by TCRC's decision to dispute Minister's direction to resume railway operations\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 22, 2024\n \n\n /CNW/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said, following the direction issued by the Canadian Minister of Labour pursuant to section 107 of the\n \n Canada Labour Code\n \n , the Canada Industrial Relations Board (CIRB) convened an urgent case management conference with CPKC at\n \n 9:00 p.m. ET\n \n tonight. CPKC was prepared to fully address the resumption of service given its obvious priority.\n \n\n\n\n\n\n\n\n\n Unfortunately, the Teamsters Canada Rail Conference (TCRC) representing the Train and Engine division and Rail Canada Traffic Controller division refused to discuss any resumption of service, and instead indicated that they wish to make submissions to challenge the constitutionality of the Minister's direction, as well as the CIRB's discretion to proceed with any order. Another case management conference is now scheduled for\n \n 10:00 a.m. ET\n \n , tomorrow,\n \n Friday, Aug. 23\n \n to further hear submissions by the parties.\n \n\n While the Minister directed that the CIRB proceed expeditiously, any decision by the CIRB on the resumption of service will be delayed. CPKC remains prepared to resume service as soon as it is ordered to do so by the CIRB.\n \n\n CPKC is disappointed by this delay, which will affect our ability to resume serving the Canadian economy.\n \n\n\n Forward looking information\n \n\n\n This news release contains certain forward-looking information within the meaning of applicable securities laws in both the U.S. and\n \n Canada\n \n . This news release contains forward-looking information relating, but not limited to, collective bargaining between CPKC and its labour unions, potential work stoppage and CPKC's business, operations and service. This forward-looking information also includes, but is not limited to, statements concerning expectations, beliefs, pl...