National negotiations between the freight railroads in national negotiations and the IAM Coalition remain stalled, hostage to the carriers’ unremitting demands for major concessionary changes to the healthcare plan. Negotiations began in January of 2015. IAM invoked mediation in October 2015. The parties have met regularly since then under the auspices of the National Mediation…
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Notice: to all machinist who have worked between 2014 til now. Please supply your last pay stub for 2014, 2015 and 2016 to Mike Denney by Dec. 12, 2016. A grievance was filed by the IAMAW on behalf of the machinist working at the Huntington Locomotive Shop regarding the fact of incorrect payment on overtime…
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In fact, volumes in CSX’s coal segment were down by 21% on a year-over-year basis, which led to a massive drop in revenue from this segment. More specifically, CSX’s coal revenue, which accounted for 17% of its overall revenue last quarter, fell 20% year-over-year to $467 million last quarter. This is a trend that we…
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Something that may be useful for negotiations coming soon. CSX has updated its vacation, holiday and parental leave benefits for management employees with more vacation days, more holiday flexibility, a new option to purchase additional vacation time and more time off for new parents. “These exciting upgrades are part of our efforts to enhance…
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Company Perspectives: CSX is a transportation company committed to being a leader in railroad, inland water, and containerized distribution networks. To attract the human and financial resources necessary to achieve this leadership position, CSX will support our three major constituencies: For our customers, we will work as a partner to provide excellent service by meeting…
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Companies in the Railroads industry operate railroad tracks and/or trains, as well as transport cargo and passengers. These corporations are generally established and stable, and offer lower-than-average dividend yields. Today, Stock-Callers.com reviews the following equities: CSX Corp. (NASDAQ: CSX), Union Pacific Corp. (NYSE: UNP), Westinghouse Air Brake Technologies Corp. (NYSE: WAB). Jacksonville, Florida-based CSX…
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