CSX Announces Ratification of Labor Deal with Signalmen and Boilermakers

Rhea-AI Summary

CSX has successfully ratified new five-year collective bargaining agreements with two major railroad unions - the Brotherhood of Railroad Signalmen (BRS) and the International Brotherhood of Boilermakers (IBB).

CEO Joe Hinrichs emphasized that these agreements demonstrate mutual trust and commitment to their workforce. The deals include comprehensive benefits packages covering improved wages, healthcare, and paid time off.

Key highlights:

• 13 labor unions have ratified agreements with CSX
• 16 different work groups are covered
• 54% of CSX's unionized workforce is now under new agreements

CSX continues negotiations with two remaining national rail unions representing Trainmen/Conductors and Locomotive Engineers, aiming to achieve similar agreements and enhance work environments.

Positive

• Successful ratification of 5-year labor agreements with two key unions (BRS and IBB)
• 54% of unionized workforce now covered by ratified agreements
• 13 labor unions across 16 work groups have ratified agreements
• Consistent terms across agreements providing wage improvements and benefits

Negative

• Remaining negotiations pending with two critical unions (Trainmen/Conductors and Locomotive Engineers)
• Potential increased labor costs due to improved wages and benefits packages

JACKSONVILLE, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced that it has secured the ratification of new five-year collective bargaining agreements with the Brotherhood of Railroad Signalmen (BRS) and the International Brotherhood of Boilermakers, Iron Ship Builders, Forgers & Helpers (IBB).

“Ratifying these agreements reflects the trust we’ve built with union leadership and our shared commitment to the people who keep our company running,” said Joe Hinrichs, President and CEO of CSX. “Our focus continues to be on improving safety, efficiency, and service for our customers while building a stronger, more unified ONE CSX.”

To date, CSX has ratified agreements with 13 labor unions, covering 16 different work groups, accounting for 54 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 the two remaining national rail unions representing Trainmen/Conductors and Locomotive Engineers 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 unions ratified new agreements with CSX in April 2025?

The Brotherhood of Railroad Signalmen (BRS) and the International Brotherhood of Boilermakers (IBB) ratified new five-year collective bargaining agreements with CSX.

How many CSX labor unions have ratified agreements as of April 2025?

CSX has ratified agreements with 13 labor unions, covering 16 different work groups, representing 54% of its unionized workforce.

What benefits are included in CSX's 2025 union agreements?

The agreements include improved wages, enhanced health care benefits, and better paid time off benefits, with equivalent packages across all ratified unions.

Which unions still need to reach agreements with CSX in 2025?

Two national rail unions representing Trainmen/Conductors and Locomotive Engineers still need to reach agreements with CSX.

How long are the new CSX union contracts valid for?

The newly ratified collective bargaining agreements with the unions are valid for five years.