NEW YORK ( TheStreet) -- Canadian National (CNI - Get Report) said it reached a deal to renew its labor contract with the Teamsters Canada Rail Conference in what has already been an active month of labor negotiations for Class I railroads.
Details of the agreement will be released pending its ratification by TCRC members, who make up about 1,800 locomotive engineers for the Montreal-based company.
|Another railroad has struck a labor deal|
"To my knowledge, it's the first time we have reached a tentative agreement with CN before the expiration of the old contract," said Rex Beatty, TCRC president, in a statement.
Major freight railroad companies
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