Norfolk Southern is proud to announce it has reached tentative, five-year collective bargaining agreements with five labor unions in addition to the four announced last week. These nine agreements, which, together, cover approximately 55% of the company’s unionized workforce, come four months before the opening of the next collective bargaining round, underscoring Norfolk Southern’s commitment to provide prompt, meaningful enhancements to pay, health care, and time off for its dedicated craft railroaders. The most recent agreements, which were reached in partnership with BNSF Railway and are subject to ratification, include the International Brotherhood of Boilermakers and Blacksmiths and the National Conference of Firemen and Oilers. Norfolk Southern also separately reached tentative agreements with the American Train Dispatchers Association, the Brotherhood of Maintenance of Way Employes Division, and the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division Yardmasters.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- North American rail traffic up 1.3% for the week ending August 24
- Norfolk Southern reaches collective bargaining agreements with four labor unions
- North American rail traffic up 5.6% for the week ending August 17
- Labor issues at Canada’s railroads may disrupt supply supply chains, WSJ says
- Tepper’s Appaloosa exits Norfolk Southern, boosts Adobe in Q2