Earliest Teamsters could strike is Tuesday morning

MONTREAL, Nov. 16, 2019 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) said today that the Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY), which represents approximately 3,200 CN employees who work as train conductors and railyard coordinators only in Canada, has given the company a 72-hour notice of its intention to strike as of 00:01 hours Eastern Standard Time on November 19, 2019.

Rob Reilly, executive vice-president and chief operating officer of CN, said: “We continue to negotiate in good faith to reach a fair agreement before the strike deadline. In the spirit of protecting the Canadian economy, we have offered the union binding arbitration and they have declined.  If a settlement cannot be reached this weekend, we will once again encourage the union leadership to accept binding arbitration as an alternative to disrupting the Canadian economy. We remain committed to constructive talks to reach an agreement without a work stoppage.”

CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries -- serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., 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.