
CPKC says two new collective agreements established through arbitration
CALGARY - Canadian Pacific Kansas City says an arbitrator's ruling has established two new collective bargaining agreements covering thousands of workers.
The Calgary-based railroad says the deals bring increased labour stability to its Canadian operations, allowing efficient and dependable service to continue for years to come.
The new four-year contracts are with Teamsters Canada Rail Conference divisions covering train crews and traffic controllers.
All together, those bargaining units represent some 4,000 workers across Canada.
The new collective agreements run until the end of 2027 and include annual wage increases of three per cent.
The latest deals follow ones reached at the bargaining table earlier this year with unions representing thousands of mechanical, engineering, clerical and intermodal employees.
This report by The Canadian Press was first published May 30, 2025.
Companies in this story: (TSX: CP)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y
NIO Inc. NIO incurred a loss per American Depositary Share ('ADS') of 45 cents in the first quarter of 2025, which was wider than the Zacks Consensus Estimate of a loss of 22 cents. The company reported a loss of 36 cents in the year-ago quarter. This China-based electric vehicle maker posted revenues of $1.66 billion, which missed the Zacks Consensus Estimate of $1.71 billion but rose 20.85% year over year due to higher delivery volumes. NIO Inc. price-consensus-eps-surprise-chart | NIO Inc. Quote It delivered 42,094 vehicles in the first quarter, up 40.1% year over year, including 27,313 vehicles from NIO and 14,781 from ONVO. Revenues generated from vehicle sales amounted to $1.37 billion, up 18% year over year. The rise in sales was mainly attributable to an increase in delivery volume. Other sales of $288.8 million rose 36.5% on a year-over-year basis. Gross profit was $126.7 million, up 87.7% reported in the year-ago quarter. Vehicle margin in the reported quarter climbed to 10.2% from 9.2% in the first quarter of 2024, due to lower material cost per unit. Gross margin was 7.6%, up from 4.9% in the year-ago quarter. The rise was attributable to an increase in sales from parts, accessories and after-sales vehicle services. Research & development costs amounted to $438.4 million, which rose 10.5% year over year. Selling, general & administrative costs were $606.4 million, up 46% year over year. As of March 31, 2025, cash and cash equivalents totaled $3.6 billion and long-term debt amounted to $1.28 billion. For second-quarter 2025, NIO projects deliveries in the range of 72,000-75,000 vehicles, implying a rise of 25.5-30.7% year over year. Revenues are estimated between $2,689 million and $2,765 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) NIO currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Autoliv Inc. ALV reported first-quarter 2025 adjusted earnings of $2.15 per share, which beat the Zacks Consensus Estimate of $1.72 and rose 37% year over year. The company reported net sales of $2.58 billion in the quarter. The figure beat the Zacks Consensus Estimate of $2.47 billion but fell 1.4% year over year. Autoliv had cash and cash equivalents of $322 million as of March 31, 2025. Long-term debt totaled $1.57 billion. Operating cash flow in the quarter under review was $77 million and capital expenditure amounted to $93 million, resulting in a negative free cash flow of $16 million. In the quarter, ALV paid a dividend of 70 cents per share and repurchased 0.5 million shares. Mobileye Global Inc. MBLY reported first-quarter 2025 adjusted earnings per share of 8 cents. The figure was in line with the Zacks Consensus Estimate. The company reported a loss of 7 cents per share in the year-ago quarter. Total revenues amounted to $438 million, beating the Zacks Consensus Estimate of $434 million. The metric also rose 83% year over year. MBLY had cash and cash equivalents of $1.51 billion as of March 29, 2025, compared with $1.43 billion as of Dec. 28, 2024. Operating cash flow for the three months ended March 29, 2025, was $109 million. Capex was $14 million during the same time frame. Group 1 Automotive GPI reported first-quarter 2025 adjusted earnings per share of $10.17, which beat the Zacks Consensus Estimate of $9.68 and rose 7.17% year over year. The automotive retailer registered net sales of $5.51 billion, beating the Zacks Consensus Estimate of $5.34 billion. The top line also rose from the year-ago quarter's $4.47 billion. Group 1 had cash and cash equivalents of $70.5 million as of March 31, 2025, up from $34.4 million as of Dec. 31, 2024. Total debt was $2.8 billion as of March 31, 2025, down from $2.91 billion as of Dec. 31, 2024. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Autoliv, Inc. (ALV) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
AI workforce is here; Trojan trucks; Canadian trucking; ICE eyes freight
On Episode 845 of WHAT THE TRUCK?!?, Dooner is talking to Pallet CEO and founder Sushanth Raman about the company's recent $27 million series B funding round. We'll find out the latest on AI workforces for 3PLs, what problems it may solve and whether broker jobs are at risk. We head north of the border with Left Lane Associates Mike 'Ace' McCarron to find out the good, bad and ugly of Canadian trucking. We'll learn about U.S.-Canada tensions, tariff impacts on cross-border, crime in Canadian trucking and more. Operation Spiderweb puts trucks on the front line as one was recently used to launch a daring attack on Russia's bomber fleet. Will trucks become a target? ICE sets its sights on trucking. With reports of agents hitting shipping facilities and a massive bust in Texas, the industry is on notice. Tesla Semi claims it has an 800-mile bobtail range. WattEV unveils its Tesla Semi and says it can fully charge the truck in 30 minutes or less. Chapters 0:59 WWE Knoxville 4:08 Operation Spiderweb: Trucks on the frontline 7:54 ICE sets sights on trucking 11:22 Tesla Semi: Bobtail beast 13:20 Pallet raises $27M series B | Sushanth Raman 16:16 AI workforce | Sushanth Raman 29:39 Who is at fault: Car or truck? 32:23 Good, bad, and ugly of Canadian trucking | Mike 'Ace' McCarronCatch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 6 p.m. Eastern on SiriusXM's Road Dog Trucking Channel 146. Watch on YouTube Check out the WTT merch store Visit our sponsor Subscribe to the WTT newsletter Apple Podcasts Spotify More FreightWaves Podcasts The post AI workforce is here; Trojan trucks; Canadian trucking; ICE eyes freight | WHAT THE TRUCK?!? appeared first on FreightWaves.
Yahoo
17 minutes ago
- Yahoo
Minnesota still has 17 Fortune 500 companies; UnitedHealth leapfrogs Apple
Minnesota still has 17 Fortune 500 companies; UnitedHealth leapfrogs Apple originally appeared on Bring Me The News. Minnesota is still home to 17 Fortune 500 companies despite some chopping and changing in the latest rankings. Fortune revealed its 2025 list, which ranks U.S.-based companies based on their 2024 revenue, on Monday, with UnitedHealth Group once against Minnesota's most valuable company. The Minnetonka-based health insurance giant moved up one spot to 3rd overall, behind only Walmart and Amazon, and ahead of tech leviathan Apple. The question is whether UnitedHealth remains in the spot next year following a turbulent start to 2025 for the company, which has seen the aftermath of the killing of UnitedHealthcare CEO Brian Thompson, the resignation of UHG CEO Andrew Witty, a plunge in its stock price as it suspended its 2025 guidance, and news of an alleged DOJ investigation into possible Medicare Advantage fraud. Minnesota's second-highest ranked company, Target, dropped four spots to 41 on the 2025 Fortune 500 list, but has also experienced a difficult first half of the year. Its decision to abandon diversity programs in the wake of President Donald Trump's return to office leading to boycotts and contributing to a reduction in sales, while the ongoing trade war launched by the president leading it to reduce its full-year guidance. U.S. Bancorp rose slightly in the Fortune 500 after increasing revenue in 2024. Best Buy dropped, while CHS fell by 18 places after seeing revenue fall by 13.9% over the course of the year. Minnesota maintained its 17 companies despite Polaris dropping out of the top 500, with a 19.3% revenue decline seeing it fall to 508. It was replaced by Solventum, the new healthcare company spun off from 3M in April, which debuted at 462nd with a revenue of $8.2 billion. The loss of the healthcare business saw 3M fall by 41 places, with its revenue declining from $32.7 billion to $24.5 billion. Here's the list of Minnesota Fortune 500 companies, with revenues in parentheses: 3: UnitedHealth Group ($400.2 billion; last year 4th) 41: Target ($106.5 billion; last year 37th) 105: U.S. Bancorp ($42.7 billion; last year 107th) 108: Best Buy ($41.5 billion; last year 100th) 118: CHS ($39.7 billion; last year 97th) 175: 3M ($32.7 billion; last year 134th) 216: General Mills ($19.9 billion; last year 203th) 230: Ameriprise Financial ($17.9 billion; last year 254th) 233: C.H. Robinson ($17.7 billion; last year 233rd) 262: Land O'Lakes ($16.2 billion; last year 245th) 274: Ecolab ($15.7 billion; last year 269th) 319: Xcel Energy ($13.4 billion; last year 302nd) 352 Hormel Foods ($11.9 billion; last year 343rd) 388: Thrivent Financial for Lutherans ($10.9 billion; last year 405th) 462: Solventum ($8.2 billion; new entry) 464: Securian Financial Group ($8.2 billion; last year 462nd) 492: Fastenal ($7.54 billion; last year 488th) This story was originally reported by Bring Me The News on Jun 4, 2025, where it first appeared.