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Three More Unions Reach Tentative Agreements With Freight Railroads (for 24% pay increase)

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Three More Unions Reach Tentative Agreements With Freight Railroads
Tyler Durden's Photo
by Tyler Durden
Monday, Sep 12, 2022 - 02:40 PM

By Noi Mahoney of FreightWaves

Three more railroad unions have reached tentative agreements with U.S. freight railroads on a new labor contract, announced the National Carriers’ Conference Committee (NCCC).

The tentative agreements announced Sunday include the Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters; the International Brotherhood of Boilermakers; and the International Association of Sheet Metal, Air, Rail and Transportation Workers-Mechanical Department.

“The tentative agreements … include a 24% wage increase during the five-year period from 2020 to 2024 — with a 14.1% wage increase effective immediately — and five annual $1,000 lump sum payments.




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