CSX Reaches Paid Sick Leave Agreements with Four Unions

Rhea-AI Summary

CSX (NASDAQ: CSX) has expanded its paid sick leave benefits to four additional groups of railroad workers, covering over 600 employees. This initiative further solidifies the company's commitment to enhancing the work experience for its employees, making CSX the first U.S. Class I railroad to extend paid sick leave agreements to its contract workers. The agreements with various unions demonstrate CSX's ongoing efforts to provide a more inclusive and supportive work environment, with President and CEO Joe Hinrichs emphasizing the company's commitment to employee wellbeing and success.

JACKSONVILLE, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) has reached agreements with four additional groups of railroad workers to provide paid sick leave benefits, demonstrating the company’s ongoing commitment to enhancing the work experience for its employees. The unions include SMART-TD Conductors/Trainmen (C&O), SMART-TD Yardmasters, International Brotherhood of Boilermakers, and Carrolton Road-Transportation Communications Union-represented Engineers/Yardmen/Maintenance of Way employees.

These agreements extend coverage to more than 600 employees, further solidifying CSX's industry-leading initiative of providing paid sick leave to its workforce. In 2023, CSX became the first U.S. Class I railroad to extend paid sick leave agreements to its contract workers. Since that time, the company has successfully negotiated with several unions including the BMWED, BRC, SMART-TD, IAM, NCFO, and IBEW, extending this critical benefit to thousands of railroad workers.

CSX President and CEO Joe Hinrichs said, "CSX values our employees and understands that their wellbeing is critical to our success. We are grateful to our labor partners for their collaboration in solidifying these agreements and helping us lead the way toward a more inclusive and supportive work environment.”

CSX continues to collaborate with its union partners to negotiate and implement changes that improve the work experience and quality of life for its employees.

For more information about CSX and its initiatives, visit www.csx.com.

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 ticker symbol for CSX?

The ticker symbol for CSX is NASDAQ: CSX.

How many groups of railroad workers have CSX reached agreements with for paid sick leave benefits?

CSX has reached agreements with four additional groups of railroad workers, covering over 600 employees.

What makes CSX the first U.S. Class I railroad in terms of paid sick leave agreements?

CSX became the first U.S. Class I railroad to extend paid sick leave agreements to its contract workers.

Who is the President and CEO of CSX?

The President and CEO of CSX is Joe Hinrichs.