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CSX Reaches Tentative Labor Agreement with Signalmen

1. CSX secured a five-year tentative collective bargaining agreement with BRS. 2. Agreement reflects commitment to safety, respect, and operational excellence. 3. CSX has ratified agreements with 11 unions, covering 47% of workforce. 4. The agreement ensures improved wages, healthcare, and benefits for signalmen. 5. CSX aims to partner with more unions for better working conditions.

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FAQ

Why Bullish?

The agreement suggests stable labor relations, historically linked to CSX's operational efficiency and profitability.

How important is it?

Labor agreements significantly influence CSX's operational stability and cost structure, crucial for investor sentiment.

Why Short Term?

Immediate operational improvements can lead to enhanced service performance, impacting short-term financial results.

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UNPNSCCN
JACKSONVILLE, Fla., March 25, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced it has secured new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen (BRS). “The agreement with the BRS continues to demonstrate our strong partnership with union leadership,” said Joe Hinrichs, President and CEO of CSX. “It reflects our shared commitment to safety, respect, and operational excellence as we move forward together as ONE CSX, ensuring greater efficiency and service for our customers.” The tentative agreement is subject to ratification by the union’s membership at CSX, accounting for 1,215 signalmen. To date, CSX has ratified agreements with 11 labor unions, covering 14 different work groups, accounting for 47 percent of its unionized workforce. The terms of the agreements are aligned, providing equivalent packages of improved wages, health care, and paid time off benefits. CSX remains committed to working with other unions and crafts to reach similar agreements and continuing to partner with employees to make meaningful improvements in their work environment. About CSX CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on X, formerly known as Twitter (http://twitter.com/CSX). Contact: Matthew Korn, CFA, Investor Relations904-366-4515 Bryan Tucker, Corporate Communications 855-955-6397

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