09/28/2012 07:14 EDT | Updated 11/28/2012 05:12 EST

Canadian Pacific and United Steelworkers members reach tentative agreement

CALGARY - Canadian Pacific (TSX:CP) says it has reached a tentative agreement with members of the United Steelworkers Local 1976.

The USW represents 800 clerical and intermodal employees at CP.

The current contract was due to expire Dec. 31.

The ratification process will take place over the next few weeks.

The company said it will release more details about the contract after the deal is ratified.