CSX Reaches Agreement with IBEW Union on Paid Sick Leave

CSX (NASDAQ: CSX) today announced that it has reached an agreement with the International Brotherhood of Electrical Workers (IBEW) to provide paid sick leave to employees.

This is the seventh agreement between CSX and rail unions in recent weeks bringing the total number of employees that now have paid sick leave to nearly 7,700 – or 46 percent of CSX’s union-represented workforce. Other unions that have negotiated paid sick leave for their members include the Brotherhood of Maintenance of Way (BMWED), which represents track workers; the Brotherhood of Railway Carmen (BRC), which represents mechanical employees; the International Association of Machinists and Aerospace Workers (IAM), which represents railroad machinists; and the National Conference of Firemen and Oilers (NCFO), which represents CSX’s utility workers. 

The contracts demonstrate CSX’s commitment to continuing to work with its employees and their representatives to improve the work experience across its organization.

“We are pleased by the progress we are making to improve the dialogue and strengthen relationships with rail labor,” said Joe Hinrichs, President and Chief Executive Officer of CSX. “This newest agreement, with the IBEW, is a continuation of the spirit of cooperation that we are committed to pursuing as we work together to improve the employee work experience, enhance the safety of our operations, and grow the business.”

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

Source: CSX Corporation