Canadian Pacific Kansas City (CPKC) has finalized a collective bargaining agreement with the Teamsters Canada Rail Conference, effective from January 1, 2024, to December 31, 2027, featuring 3% annual wage increases for approximately 3,200 workers, including locomotive engineers and conductors. This agreement, determined by Arbitrator William Kaplan, does not require union ratification. Additionally, a similar contract was reached with Canadian National, which also includes 3% wage increases. These agreements conclude a period of labor unrest that began last summer.

Source: https://www.supplychaindive.com/news/canadian-pacific-teamsters-arbitrator-deal-4-year-deal/749483/