Canadian Pacific Kansas City Reaches Tentative Five-Year Deal With 250 Train Operators

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Canadian Pacific Kansas City has reached a tentative, five-year agreement with 250 train operators in Minnesota, Iowa, Illinois, and Missouri. The deal with the Brotherhood of Locomotive Engineers and Trainmen provides higher wages and more flexible work rules. Shares of Canadian Pacific Kansas City were inactive in Thursday's premarket trading after falling more than 1% on Wednesday to a 3-month low.

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Reached a tentative five-year labor agreement with 250 train operators, providing higher wages and more flexible work rules, reducing labor-relations risk.