Posts tagged CSX

    Largest U.S. rail labor union votes against contract, raising strike possibility

    November 21, 2022 // Workers at the largest U.S. rail union voted against a tentative contract deal reached in September raising the possibility of a strike in the coming weeks that could cause significant damage to the U.S. economy. Train and engine service members of the transportation division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) narrowly voted to reject the deal, while members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) voted to ratify the agreement and SMART-TD yardmasters voted to ratify their national agreement, the unions said Monday.

    Looming rail strike could impact US economy ahead of holidays

    November 17, 2022 // All 12 rail unions must approve their deals to prevent a strike, although no strike is imminent because all the unions have agreed to keep negotiating even if their members vote no, until a deadline early next month. Seven other unions have ratified the five-year deals that include 24% raises and $5,000 in bonuses. The focus now is on the three unions that have voted down their agreements and the remaining two that haven't finished voting.

    Worry over rail strike prompts businesses to seek White House intervention

    October 28, 2022 // Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the Biden administration and Congress to be ready to intervene. A coalition of 322 business groups from a variety of industries signed off on a letter to President Joe Biden Thursday urging him to make sure the deals he helped broker last month get approved because a railroad strike would have dire consequences for the economy. All 12 rail unions must approve their agreements to prevent a strike next month.

    Railroad worker negotiations head off the rails over paid sick leave

    October 26, 2022 // November 17, the two largest unions announce their votes, and a few days later the deadline for BMWE's cooling off period expires. The possibility of a holiday strike looms.

    U.S. freight railroads prepare for potential strike disruption

    September 13, 2022 // A railroad work stoppage would cost the U.S. economy $2 billion per day in output and require 467,000 long-haul trucks daily to handle shipments diverted from rail - exceeding supply, the railroad association said. Chris Spear

    Railroads back plan calling for 24 percent raises but workers wary

    August 22, 2022 // Both sides have 30 days to negotiate a new contract before federal law would allow a strike or lockout, but even if they can’t reach an agreement Congress is likely to intervene to prevent a strike that would disrupt the flow of goods across all sectors of the economy. The unions were still reviewing the 124-page report Wednesday — one day after it was issued — and didn’t immediately comment on the details. But individual railroad workers commenting about the report on Twitter said it didn’t do enough to address their concerns about restrictive attendance policies that make it hard to take days off and demanding working conditions after thousands of jobs have been cut in recent years.

    Exclusive: Biden’s emergency board calls for railroad wage hikes to resolve contract talks

    August 18, 2022 // U.S. President Joe Biden's emergency board tasked with helping major freight railroads and unions end a contract negotiation stalemate proposed on Tuesday annual wage increases of between 4% and 7% through 2024, according to a report seen by Reuters. The board also recommended in its 119-page report set to be made public as early as Wednesday a 3% retroactive increase for 2020 and 3.5% for 2021, when the rail workers did not have a contract, along with five $1,000 annual bonuses and an additional paid day off.