11:06:36 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 757,227,886
Close 2017-05-26 C$ 103.70
Market Cap C$ 78,524,531,778
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CN Rail receives strike notice from conductors' union

2017-05-29 06:24 ET - News Release

Mr. Mike Cory reports

CN RECEIVES STRIKE NOTICE FROM UNION REPRESENTING TRAIN CONDUCTORS IN CANADA

Teamsters Canadian Rail Conference -- Conductors, Trainpersons and Yardpersons (TCRC-CTY), which represents approximately 3,000 Canadian National Railway Company conductors and yard operations employees in Canada, has given the company a 72-hour notice of its intention to strike as of 4 a.m. ET on May 30, 2017.

Mike Cory, executive vice-president and chief operating officer of CN, said: "We continue to negotiate in good faith with the assistance of a federally appointed mediator in order to reach a fair agreement before the strike deadline. We are also offering to resolve our differences through binding arbitration with a neutral arbitrator. We remain optimistic that we can reach an agreement without a labour disruption."

CN is a true backbone of the economy, transporting more than $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, along with its operating railway subsidiaries, serves the cities and ports of Vancouver and Prince Rupert, B.C., Montreal, Halifax, New Orleans and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minnesota, Superior, Wis., and Jackson, Miss., with connections to all points in North America.

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