CSX Expands Labor Agreements with Two More Partners
30 Agosto 2024 - 3:28PM
CSX (NASDAQ: CSX) today announced it has secured new five-year
tentative collective bargaining agreements with International
Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths,
Forgers & Helpers (IBB) and the Transportation Communications
Union (TCU).
“The latest tentative agreements build upon the
momentum that we have created alongside our union partners and
allows us to solidify the foundation at CSX where every employee
feels valued and empowered,” said Joe Hinrichs, president and chief
executive officer. “Our employees are the backbone of our company,
and their dedication and hard work are critical to our ability to
deliver on our promises to 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.
To date, CSX has reached proactive agreements with
11 labor unions, covering 15 different work groups, amending 20
collective agreements covering more than 50 percent of its
unionized workforce. 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.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
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