CN reaches agreement in principle with Teamsters Canada Rail Conference on new labour contract, averting national strike.MONTREAL -- CN and the Teamsters Canada Rail Conference (TCRC TCRC Testicular Cancer Resource Center TCRC Tobacco Control Resource Center TCRC Twin Cities Repeater Club TCRC Tri-Cities Road Club (Johnson City, TN bicycle racing) TCRC Tazewell County Resource Center ) today reached an agreement in principle on a new labour contract for the company's locomotive engineers in Canada. As a result of the agreement, the TCRC has cancelled its plan to strike CN at midnight tonight, and it will be business as usual tomorrow for CN's freight operations and for rail commuter agencies in Toronto and Montreal that use CN locomotive engineers to operate their trains. The wording of the proposed five-year agreement, retroactive to Jan. 1, 2004, is being worked out. Details of the contract are being withheld pending ratification by TCRC's membership. The TCRC has roughly 1,600 active employees at CN, with 1,490 in freight service. E. Hunter Harrison E. Hunter Harrison (born 1944) is a Tennessee-born railroader who currently is the president and Chief Executive Officer of Canadian National Railway (CN). Life Born in Tennessee, he began as a carman-oiler at the Frisco Railroad in Memphis, Tennessee in 1964, , president and chief executive officer of CN, said: "I am pleased that CN and the TCRC were able to resolve outstanding issues and reach a new collective agreement without labour disruption. This allows all of us at CN to remain focused on our customers and their transportation needs." Negotiation of the agreement in principle was assisted by the involvement of two mediators appointed by Federal Minister of Labour and Housing Joe Fontana. Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. www.cn.ca Canadian National Railway Company (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CNR) (NYSE NYSE See: New York Stock Exchange :CNI) |
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