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Rail News: Rail Industry Trends
8/10/2009
Rail News: Rail Industry Trends
CSXT, BLET agree on tentative five-year pact
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Last week, CSX Transportation and the Brotherhood of Locomotive Engineers and Trainmen (BLET) reached a tentative five-year agreement covering more than 5,000 engineers that includes a combined wage and performance bonus package.
The pact — which would extend a CSXT agreement that BLET members ratified in April 2007 — calls for 16 percent general wage increases beginning on Jan. 1, 2010. The pact also would enable CSXT engineers to remain eligible for bonuses that link a portion of their compensation to the Class I’s financial performance.
The BLET mailed ratification information and ballots to members last week, and plans to tabulate votes on Sept. 10.
The pact — which would extend a CSXT agreement that BLET members ratified in April 2007 — calls for 16 percent general wage increases beginning on Jan. 1, 2010. The pact also would enable CSXT engineers to remain eligible for bonuses that link a portion of their compensation to the Class I’s financial performance.
The BLET mailed ratification information and ballots to members last week, and plans to tabulate votes on Sept. 10.
