CSX reaches tentative agreements with IBEW, NCFO; ratifies deal with Smart-TD

CSX (NASDAQ: CSX) today announced it has secured new five-year tentative collective bargaining agreements with the International Brotherhood of Electrical Workers (IBEW) and National Conference of Firemen & Oilers (NCFO), as well as the ratification of a labor agreement with the SMART-TD yardmasters.

“The new tentative agreements are a significant step forward in our continued partnership with union leaders,” said Joe Hinrichs, President and CEO of CSX. “These agreements strengthen our commitment to creating a workplace where every employee feels valued and empowered while improving safety, efficiency, and service. Together, we are building a stronger foundation for our future success.”

The tentative agreements, which are pending ratification by the unions’ membership at CSX, were reached before the current collective agreements become amendable under the federal Railway Labor Act.

To date, CSX has reached proactive agreements with 13 labor unions, covering 17 different work groups, accounting for almost 60 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.