CSX and BRS Reach Second Agreement on Paid Sick Leave

Rhea-AI Summary

CSX Corp announces ratification of paid sick leave agreement for employees on L&N property, following previous agreement with BRS on SCL property. The agreements provide financial stability for employees during illness. CSX continues to negotiate with railroad unions for paid sick leave.

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• CSX Corp ratifies paid sick leave agreement for employees on L&N property, ensuring financial stability during illness.
• CSX Corp continues to prioritize employee welfare by providing paid sick leave for thousands of railroad workers.
• CSX Corp reinforces its position as an employer of choice in the rail industry by collaborating with union partners to support its team members.

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JACKSONVILLE, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) is announcing the ratification of a paid sick leave agreement covering approximately 200 employees represented by the Brotherhood of Railroad Signalmen (BRS) on the company’s L&N property.

The ratification follows another recent agreement with the BRS covering nearly 400 employees on the SCL property. Both agreements provide a sick leave package that ensures employees can take necessary time off from work to recover from illness without worrying about their financial stability.

CSX continues to build on series of successful negotiations with various railroad unions to provide paid sick leave. This includes agreements reached earlier this year with the BMWED, BRC, SMART-TD, IAM, NCFO and IBEW unions, providing paid sick leave for thousands of railroad workers.

CSX President and CEO Joe Hinrichs said, “We greatly value our employees represented by the Brotherhood of Railroad Signalmen for their contributions to running a safe, reliable railroad. We’re committed to improving the employee experience at CSX, and paid sick leave is one way we’re continuing to create a work environment that prioritizes employee welfare.”

L&N General Chairman Andy Webb said, “We’re glad to see continued progress as more of our hard-working members obtain the paid sick leave benefits that BRS has pursued since the conclusion of national agreements in December 2022.”

The ratification of the L&N agreement reinforces CSX’s position as an employer of choice in the rail industry, as the company continues to collaborate with its union partners on initiatives that ensure CSX team members have the support they need.

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.

Contact: 
Matthew Korn, CFA, Investor Relations
904-366-4515

Bryan Tucker, Corporate Communications 
855-955-6397

FAQ

What is the announcement by CSX Corp?

CSX Corp announces the ratification of a paid sick leave agreement for employees on the L&N property.

How many employees are covered by the agreement?

Approximately 200 employees represented by the Brotherhood of Railroad Signalmen are covered by the agreement.

What is the significance of the agreement?

The agreement ensures that employees can take necessary time off from work to recover from illness without worrying about their financial stability.

Which other unions have reached agreements with CSX Corp for paid sick leave?

The BMWED, BRC, SMART-TD, IAM, NCFO, and IBEW unions have reached agreements with CSX Corp for paid sick leave.

What is CSX Corp's goal in providing paid sick leave?

CSX Corp is committed to improving the employee experience and creating a work environment that prioritizes employee welfare.