CSX Announces Tentative Labor Agreement with Boilermakers
CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the International Brotherhood of Boilermakers (IBB). The agreement, pending ratification by 59 IBB members at CSX, includes improvements in wages, healthcare, and paid time off benefits.
This marks CSX's 11th successful labor union agreement, covering 14 different work groups and representing 47% of its unionized workforce. CEO Joe Hinrichs emphasized the company's commitment to employee empowerment, safety, respect, and excellence as part of their ONE CSX initiative to enhance customer service.
CSX (NASDAQ: CSX) ha raggiunto un nuovo accordo collettivo provvisorio di cinque anni con la Fratellanza Internazionale dei Fabbricanti di Caldaie (IBB). L'accordo, in attesa di ratifica da parte di 59 membri dell'IBB presso CSX, include miglioramenti nei salari, nella sanità e nei benefici per il tempo libero retribuito.
Questo segna l'undicesimo accordo sindacale di successo per CSX, che copre 14 diversi gruppi di lavoro e rappresenta il 47% della sua forza lavoro sindacalizzata. Il CEO Joe Hinrichs ha sottolineato l'impegno dell'azienda per l'empowerment dei dipendenti, la sicurezza, il rispetto e l'eccellenza come parte della loro iniziativa ONE CSX per migliorare il servizio clienti.
CSX (NASDAQ: CSX) ha alcanzado un nuevo acuerdo colectivo tentativo de cinco años con la Hermandad Internacional de Fabricantes de Calderas (IBB). El acuerdo, pendiente de ratificación por parte de 59 miembros de la IBB en CSX, incluye mejoras en salarios, atención médica y beneficios de tiempo libre pagado.
Esto marca el undécimo acuerdo exitoso de sindicato de CSX, cubriendo 14 grupos de trabajo diferentes y representando el 47% de su fuerza laboral sindicalizada. El CEO Joe Hinrichs enfatizó el compromiso de la empresa con el empoderamiento de los empleados, la seguridad, el respeto y la excelencia como parte de su iniciativa ONE CSX para mejorar el servicio al cliente.
CSX (NASDAQ: CSX)는 국제 보일러 제조업체 형제회(IBB)와 5년간의 새로운 잠정 단체 협약을 체결했습니다. 이 협약은 CSX의 59명의 IBB 회원의 비준을 기다리고 있으며, 임금, 의료 및 유급 휴가 혜택의 개선을 포함합니다.
이는 CSX의 11번째 성공적인 노동 조합 협약으로, 14개의 다양한 작업 그룹을 포함하고 있으며, 전체 조합원 노동력의 47%를 대표합니다. CEO 조 힌리히스는 고객 서비스를 향상시키기 위한 ONE CSX 이니셔티브의 일환으로 직원의 권한 부여, 안전, 존중 및 우수성에 대한 회사의 의지를 강조했습니다.
CSX (NASDAQ: CSX) a conclu un nouvel accord collectif provisoire de cinq ans avec la Fraternité Internationale des Fabricants de Chaudières (IBB). Cet accord, en attente de ratification par 59 membres de l'IBB chez CSX, comprend des améliorations des salaires, des soins de santé et des congés payés.
C'est le 11ème accord syndical réussi de CSX, couvrant 14 groupes de travail différents et représentant 47 % de sa main-d'œuvre syndiquée. Le PDG Joe Hinrichs a souligné l'engagement de l'entreprise envers l'autonomisation des employés, la sécurité, le respect et l'excellence dans le cadre de leur initiative ONE CSX pour améliorer le service client.
CSX (NASDAQ: CSX) hat eine neue vorläufige Tarifvereinbarung über fünf Jahre mit der International Brotherhood of Boilermakers (IBB) erreicht. Die Vereinbarung, die der Genehmigung von 59 IBB-Mitgliedern bei CSX bedarf, umfasst Verbesserungen bei Löhnen, Gesundheitsversorgung und bezahltem Urlaub.
Dies markiert die 11. erfolgreiche Gewerkschaftsvereinbarung von CSX, die 14 verschiedene Arbeitsgruppen abdeckt und 47 % der gewerkschaftlich organisierten Belegschaft repräsentiert. CEO Joe Hinrichs betonte das Engagement des Unternehmens für die Ermächtigung der Mitarbeiter, Sicherheit, Respekt und Exzellenz im Rahmen ihrer ONE CSX-Initiative zur Verbesserung des Kundenservice.
- Secured new 5-year labor agreement with IBB union
- Successfully negotiated agreements with 11 labor unions (47% of unionized workforce)
- Standardized benefits package across union agreements
- Agreement still requires union membership ratification
JACKSONVILLE, Fla., March 25, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced it has secured a new five-year tentative collective bargaining agreement with the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers & Helpers (IBB).
“The agreement with IBB reinforces CSX's ongoing commitment to valuing and empowering employees,” said Joe Hinrichs, President and CEO of CSX. “It reaffirms our team’s shared promise to prioritize safety, respect, and excellence as ONE CSX as we work collaboratively to better serve our customers.”
The tentative agreement is subject to ratification by the union’s membership at CSX, accounting for 59 members.
To date, CSX has ratified agreements with 11 labor unions, covering 14 different work groups, accounting for 47 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 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
FAQ
What are the key terms of CSX's new labor agreement with the Boilermakers union in 2025?
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