CSX Reaches Agreement with Additional IAM and BRC Divisions on Paid Sick Leave for Railroad Workers

Rhea-AI Summary

CSX (NASDAQ: CSX) has reached new agreements with the IAM Roadway Mechanics and Brotherhood of Railway Carmen unions to enhance paid sick leave for railroad workers, marking the sixth agreement in just a week. The company emphasizes its commitment to improving employee experience through collaboration with union partners. Joe Hinrichs, CEO of CSX, highlighted the importance of these partnerships, stating that they demonstrate a commitment to honoring employee contributions. CSX provides crucial transportation services across various markets and plays a significant role in the economic framework of the eastern United States.

Positive

• New agreements improve paid sick leave for railroad workers.
• Six paid sick leave agreements reached in a week demonstrate commitment to employee welfare.
• Collaboration with unions reflects positive labor relations.

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• None.

JACKSONVILLE, Fla., Feb. 14, 2023 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced that agreements have been secured with additional divisions of its International Association of Machinists and Aerospace Workers (IAM) and Brotherhood of Railway Carmen (BRC) unions on paid sick leave for railroad workers.

The agreements were reached with the IAM Roadway Mechanics and the BRC Carmen for Fruit Growers Express Company. Both organizations represent employees who support CSX mechanical operations.

CSX has been working collaboratively with its union partners, building momentum toward finding solutions that improve the work experience for its employees. The new agreements are the most recent of six paid sick leave agreements announced by CSX within the past week.

Joe Hinrichs, president and chief executive officer of CSX said, “We are committed to ongoing collaboration with our valued front-line employees and union partners to ensure CSX provides a work experience that honors their many contributions to our company’s success. The new agreements with the IAM and BRC are a great demonstration of partnership, and we will continue to work with labor organizations to improve the employee experience at CSX.”

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

FAQ

What is the recent update regarding CSX and paid sick leave?

CSX announced new agreements with IAM and BRC unions to enhance paid sick leave for workers, marking the sixth agreement in a week.

How many paid sick leave agreements has CSX reached recently?

CSX has reached six paid sick leave agreements in the past week with various unions.

Who are the unions involved in CSX's new paid sick leave agreements?

The new agreements involve the International Association of Machinists and Aerospace Workers and the Brotherhood of Railway Carmen unions.

What is CSX's main business focus?

CSX is a premier transportation company providing rail and intermodal services across various markets, including energy and agriculture.