Railroad industry news about: BLET, Brotherhood of Locomotive Engineers and Trainmen, Edward Hall, Mark Wallace, David Estes, Vince Verna, labor union election, Union Pacific Railroad, Dennis Pierce. From the editors of Progressive Railroading Magazine
Railroad industry news about: Edward Hall, BLET, Brotherhood of Locomotive Engineers and Trainmen, rail labor union, Mark Wallace, David Estes, Vince Verna. From the editors of Progressive Railroading Magazine
More Unions Across North America Call on STB to Reject CN Voting Trust
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SMART-TD Chair Representing Kansas City Southern Employees Highlights Negative Impacts Associated with a CN Combination
CALGARY, AB, June 28, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ( CP ) announced today that unions representing railroad employees across the U.S., including SMART-Transportation Division ( SMART-TD ) General Committee GCA-457 representing Kansas City Southern ( KCS ) employees, have written letters urging the Surface Transportation Board ( STB ) to reject Canadian National s ( CN ) proposed use of a voting trust.
Many of the unions express concerns about job loss, increased CN debt load and regulatory challenges a CN/KCS transaction would face. Excerpts from the letters include: