Skip to main content

CSX and BRS Reach Second Agreement on Paid Sick Leave

JACKSONVILLE, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) — CSX Corp. (NASDAQ: CSX) is announcing the ratification of a paid sick leave agreement covering approximately 200 employees represented by the Brotherhood of Railroad Signalmen (BRS) on the company’s L&N property.

The ratification follows another recent agreement with the BRS covering nearly 400 employees on the SCL property. Both agreements provide a sick leave package that ensures employees can take necessary time off from work to recover from illness without worrying about their financial stability.

CSX continues to build on series of successful negotiations with various railroad unions to provide paid sick leave. This includes agreements reached earlier this year with the BMWED, BRC, SMART-TD, IAM, NCFO and IBEW unions, providing paid sick leave for thousands of railroad workers.

CSX President and CEO Joe Hinrichs said, “We greatly value our employees represented by the Brotherhood of Railroad Signalmen for their contributions to running a safe, reliable railroad. We’re committed to improving the employee experience at CSX, and paid sick leave is one way we’re continuing to create a work environment that prioritizes employee welfare.”

L&N General Chairman Andy Webb said, “We’re glad to see continued progress as more of our hard-working members obtain the paid sick leave benefits that BRS has pursued since the conclusion of national agreements in December 2022.”

The ratification of the L&N agreement reinforces CSX’s position as an employer of choice in the rail industry, as the company continues to collaborate with its union partners on initiatives that ensure CSX team members have the support they need.

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.

Contact: 
Matthew Korn, CFA, Investor Relations
904-366-4515

Bryan Tucker, Corporate Communications 
855-955-6397

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.