CSXT, UTU Southern Region Employees Reach Tentative Agreement

JACKSONVILLE, Fla., Jan. 29 /PRNewswire-FirstCall/ -- CSX Transportation Inc. (CSXT) and the United Transportation Union (UTU) have reached a tentative agreement on a five-year combined wage and performance bonus package. The agreement covers conductors and yard employees on CSXT predecessor railroads AWP, C&O, L&N, NC&StL and SCL.

In addition to wage increases, employees will be eligible for payments from a Performance Bonus Plan that links that portion of their compensation to company financial performance. Affected employees will also be eligible for a stock-based Individual Performance Award program. Upon approval by the International UTU, the agreement will be subject to ratification by the affected UTU membership.

continued