U.S. rail union representing 4,900 workers narrowly approves contract 

By  For Reuters.com

An aerial view of gantry cranes, shipping containers, and freight railway trains ahead of a possible strike if there is no deal with the rail worker unions, at the Union Pacific Los Angeles (UPLA) Intermodal Facility rail yard in Commerce, California, U.S., September 15, 2022. REUTERS/Bing Guan/File Photo

A labor union representing about 4,900 rail workers said on Saturday that members narrowly ratified a tentative contract agreement with freight railroads in the United States.

The union representing locomotive machinists, roadway mechanics, and facility maintenance personnel is the seventh of 12 to approve the deal, while two unions previously voted to reject the national deal announced in mid-September.

The International Association of Machinists and Aerospace Workers (IAM) District 19 said 59% of the membership voted and it was approved by 52% of voting members after an initial unsuccessful ratification attempt last month.

The National Carriers’ Conference Committee (NCCC), which represents freight railroads in labor talks, said unions “have repeatedly agreed that short-term absences would be unpaid in favor of higher compensation for days worked and more generous sickness benefits for longer absences.”

Last month, the Brotherhood of Railroad Signalmen (BRS) union, representing more than 6,000 members, voted against the deal as did the Brotherhood of Maintenance of Way Employees (BMWED), which represents 11,000 workers.

BMWED could initiate a work stoppage as early as Nov. 19. The rail deal included a 24% percent wage increase over a five-year period from 2020 through 2024 as well $1,000 lump sum payments in each of the next five years.

The unions represent 115,000 workers at railroads including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N)and Kansas City Southern .

A rail shutdown could freeze almost 30% of U.S. cargo shipments by weight, stoke inflation, cost the American economy as much as $2 billion per day and unleash a cascade of transport woes affecting U.S. energy, agriculture, manufacturing, healthcare and retail sectors.

Last week, more than 300 groups including the National Retail Federation and National Association of Manufacturers on urged President Joe Biden’s involvement to help avoid a potential rail strike.

Leave a Reply

Your email address will not be published. Required fields are marked *

Auto and Homeowner’s Insurance Program for TCU/IAM members!

TCU/IAM members take advantage of discounted activities with Union Plus!

  • Up to 25% on Car Rentals with Avis, Budget, Hertz, Dollar, Thrifty and Payless
  • Book flights and hotels together and save with Expedia
  • Tours and restaurant discounts
  • Discounts for water/theme parks, concerts and sporting events tickets
  • Save up to 24% on movie theater eTickets

Start Your Savings Here!

December 2023