CSX Reaches Tentative Labor Agreement with Signalmen
Rhea-AI Summary
CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen (BRS), covering 1,215 signalmen. The agreement, announced on March 25, 2025, includes improvements in wages, healthcare, and paid time off benefits.
This marks a significant milestone as CSX has now ratified agreements with 11 labor unions, encompassing 14 different work groups, representing 47% of its unionized workforce. The agreement with BRS aligns with previously established terms across other union agreements, demonstrating CSX's commitment to maintaining consistent benefits packages across its workforce.
The tentative agreement is pending ratification by the BRS membership at CSX. The company continues to engage with remaining unions to secure similar agreements, focusing on workplace improvements and operational excellence.
Positive
- Secured new five-year labor agreement with signalmen union
- Successfully ratified agreements with 11 unions covering 47% of unionized workforce
- Standardized benefits package across union agreements promotes operational efficiency
Negative
- Agreement still requires union membership ratification
- 53% of unionized workforce still not covered by ratified agreements
News Market Reaction 1 Alert
On the day this news was published, CSX declined 1.07%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
JACKSONVILLE, Fla., March 25, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced it has secured new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen (BRS).
“The agreement with the BRS continues to demonstrate our strong partnership with union leadership,” said Joe Hinrichs, President and CEO of CSX. “It reflects our shared commitment to safety, respect, and operational excellence as we move forward together as ONE CSX, ensuring greater efficiency and service for our customers.”
The tentative agreement is subject to ratification by the union’s membership at CSX, accounting for 1,215 signalmen.
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 in CSX's new agreement with the Brotherhood of Railroad Signalmen?
How many signalmen are covered under CSX's new labor agreement?
What percentage of CSX's unionized workforce is now covered by ratified agreements?
When will CSX's new signalmen agreement take effect?
