CP Rail Strike Ends After Company Reaches Deal With Teamsters Union
- Conductors and engineers to return to work Thursday morning
- Shares climb as company stands to gain from freight upswing
Photographer: Don Mackinnon/Bloomberg
This article is for subscribers only.
Canadian Pacific Railway Ltd. reached a tentative pact with a crucial union, ending a strike that began late Tuesday and avoiding a snarl of freight traffic that threatened to hobble the economy.
Operations will resume Thursday at 6 a.m. local time across Canada, the Teamsters Canada Rail Conference said in an emailed statement. The agreement covers about 3,000 conductors and locomotive engineers, the union said. Canadian Pacific confirmed the deal.