Canadian National announces that Teamster Canada Rail Conference members have ratified new contract covering about 1,800 railway locomotive engineers in Canada; three-year deal provides wage increases along with standard benefit improvements

Alison Gallant

MONTREAL , January 27, 2012 (press release) – CN (TSX: CNR.TO - News) (NYSE: CNI - News) announced today that members of the Teamsters Canada Rail Conference (TCRC) have ratified a new collective agreement covering approximately 1,800 CN locomotive engineers in Canada.

The three-year contract, retroactive to Jan. 1, 2012, provides wage increases along with standard benefit improvements to the TCRC-represented locomotive engineers.

Keith Creel, CN executive vice-president and chief operating officer, said: "CN is pleased with the ratification of the new labour contract by TCRC members and the fact that we reached a tentative deal in December 2011 before the existing agreement expired. The success of the parties in this round of bargaining bodes well for the future of our relationship and ability to address issues of mutual interest in a constructive way that benefits CN's customers and all of its other stakeholders."

CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, 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.

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