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CN announced on Friday that the Teamsters Canada Rail Conference - Conductors, Trainpersons and Yardpersons (TCRC-CTY) has accepted the Class I's offer to enter labor negotiations for a contract settlement, on the condition that final and binding arbitration will apply if the parties cannot reach an agreement. CN and TCRC-CTY officials will meet this week to re-engage labor discussions. Union members failed to ratify a tentative agreement that had been reached by the parties on Feb. 5. The union represents about 3,000 CN train conductors, train persons, yard persons and traffic conductors in CN's network in Canada.
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