Core Points - CSX Corporation announced the ratification of a five-year collective bargaining agreement by employees represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET), covering approximately 3,400 locomotive engineers, marking a significant milestone as the first ratification reached by a Class I freight railroad with BLET [1][2] - The ratified agreement includes general wage increases and health and welfare improvements, aligning with agreements CSX has reached with 13 other unions [2] - Locomotive engineers constitute about 20% of CSX's frontline workforce, and nearly 75% of CSX's unionized workers are now covered by new agreements reached in the last 10 months, with ongoing negotiations with the remaining major workgroup, trainmen/conductors represented by SMART-TD [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 played a critical role in the economic expansion and industrial development of the nation for nearly 200 years, connecting major metropolitan areas in the eastern United States and linking over 240 short-line railroads and more than 70 ports with population centers and farming towns [4]

Core Points - CSX Corporation has reached a tentative five-year agreement with the Brotherhood of Locomotive Engineers and Trainmen covering approximately 3,400 locomotive engineers, marking a significant milestone as the first Class I freight railroad to do so with BLET [1][2] - The agreement includes competitive pay, improved healthcare, and work rule changes aimed at enhancing the quality of life for locomotive engineers, reflecting similar wage increases and benefits from agreements with 13 other unions [2][3] - Locomotive engineers represent about 20% of CSX's frontline workforce, and if ratified, nearly 75% of CSX's unionized workers will be covered by new agreements reached in the last nine months [3] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [5] - The company has been integral to the economic expansion and industrial development of the nation for nearly 200 years, connecting major metropolitan areas in the eastern United States and linking over 240 short-line railroads and more than 70 ports [5]