CSX announces Ratification of Labor Deal with IAM

Core Points - CSX Corporation announced the ratification of a five-year collective bargaining agreement by employees represented by The International Association of Machinists & Aerospace Workers (IAM) [1] - The ratification reflects a strong partnership between CSX and union leadership, emphasizing the company's commitment to a respectful workplace and ongoing improvements in safety, efficiency, and service [2] - To date, CSX has ratified agreements with 11 labor unions, covering 14 work groups, which represent 47% of its unionized workforce, with terms that include improved wages, health care, and paid time off [2] - CSX aims to continue collaborating with other unions to achieve similar agreements and enhance the work environment for employees [3] Company Overview - CSX, based in Jacksonville, Florida, is a leading transportation company providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [4] - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. and linking over 240 short-line railroads and more than 70 ports [4]