CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months.
Author: Josh Funk
Large Rail Union Rejects Deal
OMAHA, Neb. — The U.S.’s third largest railroad union rejected a deal with employers Oct. 10, renewing the possibility of a strike that could cripple the economy. Both sides will return to the bargaining table before that happens.
Rail Union That Rejected Deal Signs New Tentative Agreement
OMAHA, Neb. — A union that rejected its deal with the nation’s freight railroads earlier this month now has a new tentative agreement, but officials cautioned that the contract dispute won’t be fully settled until all 12 rail unions approve their agree…
Deal That Prevented Rail Strike Still Needs Worker Support
OMAHA, Neb. — A last-minute deal prevented a railroad strike for now, but many rail workers remain unhappy with working conditions, including some who protested outside their workplaces Sept. 21 ahead of votes to approve the new contracts.
Unions Blast Rail Move to Delay Shipments Before Deadline
OMAHA, Neb. — The heads of the nation’s two largest rail unions said Sept. 11 that the freight railroads’ move to begin delaying some shipments ahead of this week’s looming strike deadline is only an attempt to get shippers to increase the pressure on …
Pressure Mounting to Settle Railroads’ Labor Dispute
With a Sept. 16 deadline looming, pressure is mounting on the nation’s major freight railroads and the unions to reach an agreement and avoid a potentially crippling strike or lockout.
Three of 12 Rail Unions Announce Tentative Deal
OMAHA, Neb. — Three of the 12 unions negotiating with the nation’s biggest freight railroads have reached a tentative deal that will deliver 24% pay raises, in line with what a special presidential panel of arbitrators recommended earlier this month to…
Rail Union Says Plan for Contract Deal Doesn’t Address Concerns
OMAHA, Neb. — The head of the nation’s largest railroad union says the report designed to help resolve stalled contract talks with freight railroads doesn’t do enough to address concerns about working conditions, even though it suggests 24% raises.
Plan to End Railroad Contract Dispute Calls for 24% Raises
OMAHA, Neb. — The special board appointed by President Joe Biden to intervene in stalled railroad contract talks suggested Aug. 16 that 115,000 rail workers should get 24% raises and thousands of dollars in bonuses as part of a new agreement to avert a…
New Rule to Thwart Railroad Efforts to Cut Train Crews
OMAHA, Neb. — Railroads will be required to maintain two-person crews under a new rule announced July 27 that will thwart industry efforts to cut crews down to one person.