CN and United Steelworkers reach tentative agreement

MONTREAL, Dec. 20, 2018 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and United Steelworkers (USW) announced today that a new tentative collective agreement has been reached between USW Local 2004 and CN. USW represents approximately 3,000 track and bridge personnel who work at CN across Canada.

“We are pleased to conclude yet another negotiation,” said JJ Ruest, president and chief executive officer of CN. “CN is committed to working together with our railroaders and their representatives in a mutually beneficial manner.”

“We are pleased that we were able to reach an agreement with the CN that recognizes the hard work and commitment of our members,” said Jean-François Migneault, President, USW Local 2004.

No details of the tentative agreement will be released publicly until the agreement is ratified. The collective agreement expires at the end of the month.

“The USW Members in Local 2004 gave their bargaining committee a clear mandate and the committee worked tirelessly to address their concerns,” said Ken Neumann, USW National Director. “I am very proud of them and extremely glad they reached an agreement they are willing to support.”

For more information on United Steelworkers, visit their website at www.usw.ca.

CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company’s website at www.cn.ca.