Freight Railroads Reach Tentative Agreements With Three Unions

Freight railroads have reached tentative agreements with the Transportation Communications Union/IAM, Brotherhood of Railway Carmen, and International Association of Machinists and Aerospace Workers, according to the National Carriers’ Conference Committee.

• The tentative agreements implement a presidential panel’s recommendations, which include a 24% wage increase during the five-year period from 2020 through 2024 — with a 14.1% wage increase effective immediately — and five annual $1,000 lump sum payments, NCCC said
  • A portion of the wage increases and lump sum payments are retroactive and will be paid out promptly upon ratification of the agreements by the unions’ membership
• NOTE: Railroads Brace ...