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Teamsters Canada Rail Conference-Maintenance of Way Employees Division members recently ratified a three-year agreement with Canadian Pacific Railway.

Covering about 2,500 track maintenance workers and expiring at the end of 2006, the contract increases wages 3 percent annually, improves pensions and benefits, and changes work rules.

“This settlement … follows the pattern we have established in our contract settlements [to] deliver value to employees and shareholders, and provide a productive work environment," said CPR President and Chief Executive Officer Rob Ritchie in a prepared statement.

In January, the Class I and union reached a tentative agreement pending ratification. The previous agreement expired in December 2003.