STOCK TITAN

CSX Reaches Paid Sick Leave Agreement with SMART-MD

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

CSX has reached a significant agreement with the SMART-MD union to provide paid sick leave benefits, marking its ninth such agreement aimed at enhancing employee welfare. Joe Hinrichs, CSX's CEO, emphasized the importance of collaboration with union partners to improve the quality of life for employees. This initiative reflects CSX's commitment to fostering a positive work environment, which is essential for delivering quality service to customers. CSX operates as a premier transportation company, providing essential rail services across various sectors in the eastern United States, linking major metropolitan areas, short-line railroads, and numerous ports.

Positive
  • Agreement with SMART-MD for paid sick leave enhances employee satisfaction.
  • This is the ninth agreement demonstrating CSX's commitment to employee welfare.
  • Improved employee quality of life is likely to enhance service delivery to customers.
Negative
  • None.

JACKSONVILLE, Fla., April 07, 2023 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced that it has reached an agreement with the Sheet Metal, Air, Rail and Transportation Workers-Mechanical Department (SMART-MD) to provide paid sick leave benefits.

Joe Hinrichs, President and Chief Executive Officer of CSX said, “CSX continues to work collaboratively with all of our union partners to find solutions that improve the quality of life for our valued employees. This agreement with our SMART-MD workers marks the ninth such agreement and is a demonstration of our commitment to our railroaders. I greatly appreciate the SMART-MD leadership for working with us on this agreement as we continue building momentum and create a more positive work environment for our employees which helps them provide the best service to our customers.”

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


CSX Corporation

NASDAQ:CSX

CSX Rankings

CSX Latest News

CSX Stock Data

67.48B
1.92B
0.22%
78.2%
1.17%
Railroads
Railroads, Line-haul Operating
Link
United States of America
JACKSONVILLE