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Last week, Canadian Pacific and the United Steel Workers (USW) Local 1976 announced 87 percent of members voted in favor of ratifying a five-year contract.

The current contract between the railroad and union — which represents about 800 clerical and intermodal workers — expires on Dec. 31.

To take effect in in January, the new contract provides wage increases of 3 percent in each of the next five years and helps ensure the Class I's pension plan is sustainable for employees, retirees and the railroad, CP officials said in a prepared statement.

The contract also includes "provisions for productivity and efficiency enhancements," said Peter Edwards, CP's vice president of human resources and industrial relations.