CSX Reaches Early Agreement with Additional Labor Partners, Boosting Wages and Benefits for More Railway Workers

Globe Newswire 22-Aug-2024 7:14 PM

JACKSONVILLE, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced it has secured new five-year tentative collective bargaining agreements with the International Association of Sheet Metal, Air, Rail and Transportation Workers – Mechanical Division (SMART-MD) and the American Train Dispatchers Association (ATDA).

"We are continually listening to our valued front-line employees about what is needed to make positive and impactful improvements to our work environment. Their well-being is critical to our company's success, and we are proud to get these deals done ahead of schedule," said Joe Hinrichs, president and chief executive officer. "We remain committed to working with our other labor partners to secure the timely agreements that all of our employees deserve for their hard work and dedication. Together, we are moving forward and building a brighter future for everyone at CSX, where we are focused on improving safety, service, and efficiency."

The tentative agreements, which are subject to ratification by the unions' membership at CSX, come more than four months before the current collective agreements become amendable under the federal Railway Labor Act. These agreements mirror the terms of the agreements recently reached with our other unions for a total of five.

Additional details will be shared during the unions' ratification processes.

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