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CPKC prepares to restart railway operations, awaits CIRB order
CPKC prepares to restart railway operations, awaits CIRB order Canada NewsWire ...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n\n\n\n CPKC prepares to restart railway operations, awaits CIRB order\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\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) today said it is preparing to restart railway operations in\n \n Canada\n \n following the Canadian Minister of Labour's announcement that he will exercise his authority under Section 107 of the\n \n Canada Labour Code\n \n to direct the Canada Industrial Relations Board (CIRB) to impose final binding arbitration and for railway operations to resume forthwith.\n \n\n CPKC will follow the order of the CIRB once it executes the Minister's direction. Our teams are already preparing for the safe and orderly resumption of our rail network and further details about timing will be provided once we receive the CIRB's order.\n \n\n \"The Canadian government has recognized the immense consequences of a railway work stoppage for the Canadian economy, North American supply chains and all Canadians,\" said\n \n Keith Creel\n \n , CPKC President and CEO. \"The government has acted to protect\n \n Canada's\n \n national interest. We regret that the government had to intervene because we fundamentally believe in and respect collective bargaining; however, given the stakes for all involved this situation required action.\n \n\n \"CPKC looks forward to welcoming all of our employees back to work to restore our railway to full strength and get back to serving our customers and moving\n \n Canada's\n \n trade and commerce throughout\n \n North America\n \n ,\" Creel added.\n \n\n The Teamsters Canada Rail Conference (TCRC)\n \n\n – Train & Engine represents CPKC's roughly 3,200 locomotive engineers, conductors and train and yard workers, and the TCRC\n \n\n – Rail Canadian Traffic Controllers represents approximately 80 rail traffic controllers, all in\n \n Canada\n \n .\n \n\n\n Forward looking information\n \n\n This news release contains certain forward-looking information within the m...