CSX Achieves Labor Agreements with Seven Additional Unions, Improves Wages and Benefits for Railroad Workers
23 Agosto 2024 - 6:35PM
CSX (NASDAQ: CSX) today announced that it has reached new tentative
five-year collective bargaining agreements with seven additional
labor unions. These agreements cover the following groups:
- The Brotherhood of Maintenance of
Way Employes Division of the International Brotherhood of Teamsters
(BMWED), covering maintenance of way employees;
- The International Association of
Machinists & Aerospace Workers (IAM) covering machinists and
roadway mechanics.
- The International Association of
Sheet Metal, Air, Rail and Transportation Workers – Transportation
Division (SMART-TD), covering the yardmasters;
- The Brotherhood of Railway Carmen
(BRC) covering carmen at the Fruit Growers Express Company
subsidiary of CSX;
- The Transportation Communications
Union (TCU) covering the clerical craft at Fruit Growers
Express;
- The American Railway and Airway
Supervisors’ Association (ARASA) covering mechanical department
supervisors; and
- The B&O Joint Council (BOJC)
covering mechanical department foremen/supervisors.
CSX President and CEO Joe Hinrichs commented, “We are incredibly
pleased to have reached these tentative agreements ahead of the
re-negotiation process, reflecting our strong commitment to
collaboration with our union partners. These agreements are a
testament to the hard work and dedication of all parties involved,
ensuring a bright future for our workforce and the sustained
success of CSX operations. Together, as ONE CSX, we are building a
path forward that benefits our employees, our customers, and the
communities we serve.”
The tentative agreements, which are pending ratification by the
unions’ membership at CSX, were reached more than four months
before the current collective agreements become amendable under the
federal Railway Labor Act. With these new agreements, CSX has now
reached a total of 12 separate tentative agreements, covering more
than 50% of its union employees. The terms of the agreements are
aligned, providing equivalent packages of improved wages, health
care, and paid time off benefits.
CSX remains committed to working with other unions and crafts to
reach similar agreements over the coming days and continuing to
partner with employees to make meaningful improvements in their
work environment.
About CSX
CSX, based in Jacksonville, Florida, is a premier transportation
company. It provides rail, intermodal and rail-to-truck transload
services and solutions to customers across a broad array of
markets, including energy, industrial, construction, agricultural
and consumer products. For nearly 200 years, CSX has played a
critical role in the nation’s economic expansion and industrial
development. Its network connects every major metropolitan area in
the eastern United States, where nearly two-thirds of the nation’s
population resides. It also links more than 240 short-line
railroads and more than 70 ocean, river and lake ports with major
population centers and farming towns alike. More information about
CSX Corporation and its subsidiaries is available at www.csx.com.
Like us on Facebook (http://facebook.com/OfficialCSX) and follow us
on X, formerly known as Twitter (http://twitter.com/CSX).
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
CSX (NASDAQ:CSX)
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