TCRC- Rail Traffic Controllers and Canadian Pacific reach tentative agreement

CALGARY, July 31, 2014 /CNW/ - Canadian Pacific (TSX:CP)(NYSE:CP) and the Teamsters Canada Rail Conference Rail Canada Traffic Controllers (TCRC-RCTC) announced today that they have reached a tentative six-year labour agreement covering approximately 135 employees rail traffic controllers in Canada.

"I would like to congratulate this union for its leadership at the bargaining table," said Peter Edwards, CP Vice President of Human Resources and Labour Relations. "This agreement reflects our ability to recognize the great work our rail traffic controllers are doing in this period of transformational change."

Details of the tentative agreement are being withheld pending ratification by the TCRC-RCTC membership.

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Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.

SOURCE Canadian Pacific