BNSF Railway ratifies 5-year agreement with SMART-MD
Tweet
Share
E-mail
FILE PHOTO: An aerial view of shipping containers and freight railway trains ahead of a possible strike if there is no deal with the rail worker unions, at the BNSF Los Angeles Intermodal Facility rail yard in Los Angeles, California, U.S., September 15,
(Reuters) - Berkshire Hathaway-owned BNSF Railway said that the members of International Sheet Metal, Air, Rail and Transportation union's railroad, mechanical and engineering department have voted to ratify a five-year agreement with the company on Friday.
The deal provides a yearly wage hike of 3.5% over the life of the agreement, along with better health care benefits and provisions that offer railroaders more vacation days earlier in their career.
"I appreciate the leadership at BNSF for resolving the next round of national negotiations without dragging out the bargaining process for years," said SMART General President Michael Coleman.
The railroad also reached a tentative agreement with the union's transportation division (SMART-TD) earlier in September.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Alan Barona)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Israel said to eye US listing for major defense firms
- US airline stocks rise as oil retreats to pre-Iran war levels
- Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions
Create E-mail Alert Related Categories
ReutersRelated Entities
Warren BuffettSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
