09/09/2014 02:30 EDT | Updated 11/09/2014 05:59 EST

Rail traffic controllers at Canadian Pacific Railway ratify new contract

CALGARY - Canadian Pacific Railway Ltd. (TSX:CP) and the union representing some 135 rail traffic controllers said Tuesday the workers have ratified a new contract.

The six-year agreement that begins Jan. 1, 2015 includes a general wage increase of three per cent per year and other adjustments.

The railway and the Teamsters Canada Rail Conference-Rail Canada Traffic Controllers union said the contract was ratified with 94 per cent who voted in favour.

CP Rail said it was the fifth long-term contract between the railway and its Canadian unions.

The railway said it has two other contracts open to negotiation: its mechanical employees represented by Unifor, and its train and engine workers represented by the Teamsters.