01:05 PM EDT, 06/03/2025 (MT Newswires) -- Class 1 railroads volumes are generally strong to start the second quarter, on the back of higher Intermodal and Coal carloads, reports RBC.

CP is strong due to strong Grain and Intermodal RTMs, while CN Rail is lagging due to weakness across most commodities except Grain, note RBC analysts.

CPKC last week also announced that it has received the arbitrator's decision regarding the terms of its new collective agreement with the Teamsters Canada Rail Conference (TCRC)- Train and Engine (T&E) division and the TCRC- Rail Canada Traffic Controllers (RCTC) division.

The T&E division represents 3,200 locomotive engineers, conductors, train and yard workers and the RCTC division represents 80 rail traffic controllers in Canada. The four-year agreement, effective January 2024 to December 2027, includes an annual wage increase of +3% and does not require ratification. The annual wage increase is right in line with RBC's expectation for +2.5% to +3.5% consolidated wage increases in 2025 to 2027.

Price: 145.02, Change: +1.23, Percent Change: +0.86