12:54 PM EDT, 05/16/2024 (MT Newswires) -- Canadian National Railway ( CNI ) said Thursday it proposed a new contract offer to the Teamsters Canada Rail Conference.

As part of the offer, the company has offered to schedule days off and pay a higher rate for any work over 10 hours in a shift with a maximum of 12 hours per shift for employees in Western Canada.

The company said this complies with the maximum on-duty period under the Duty and Rest Period Rules.

Also, all staffers would keep their existing 10 paid leave days, their existing 10 paid medical leave days, their existing vacation allotment, their existing statutory holidays, and their rest at their home terminal.

Other changes include wage increases of 3% in 2024 and 2.5% in 2025 and other monetary improvements.

Among other things, the Duty and Rest Period Rules require that employees cannot work more than 60 hours per seven-day period or more than 192 hours per 28-day period. Employees must also receive a "reset break" of at least two consecutive nights rest undisturbed every seven days.

The news follows the ratification of a tentative agreement between CNTL, a CN subsidiary involved in first and last-mile trucking container pickup and deliveries, and owner-operators affiliated with Unifor. This four-year agreement covers 750 owner-operators under contract with CNTL in Canada until Dec. 31, 2027.

The railway's shares were last seen up $0.70 to $171.38 on the Toronto Stock Exchange.

Price: 171.33, Change: +0.65, Percent Change: +0.38