by Schuylkill Valley
I recive theses through the mail.
Have fun,
Len
Jacksonville, Fla. - April 20, 2007 - CSX Transportation (CSXT) today
praised the new performance bonus-based labor agreement with the
Brotherhood of Locomotive Engineers and Trainmen (BLET), saying it would
contribute to the continued success of CSXT and its employees.
"We are very pleased that the CSXT engineers opted for an agreement that
allows them to participate in and benefit from CSXT's financial
success," said Tony Ingram, executive vice president and chief operating
officer.
"I congratulate the negotiating teams for their success in creating an
agreement that recognizes the significant contribution of our
engineers," Ingram said. "Changes in scheduling will provide more
predictable work schedules, improving the safety of our employees and
service to our customers."
The BLET announced this week that its members have ratified the
agreement, which covers 5,200 CSXT locomotive engineers. The employees
receive a 3 percent pay increase and $2,500 salary bonus. In lieu of
future pay increases, the employees are eligible for performance bonuses
of 6 percent, 8 percent and 10 percent respectively, based on their
earnings in 2007, 2008 and 2009, if the company meets its financial and
strategic goals in those years.
CSX Transportation Inc. is a principal operating company of CSX
Corporation. CSX Corporation, based in Jacksonville, Fla., is one of the
leading transportation companies, providing rail, intermodal and
rail-to-truck transload services. The company's transportation network
spans 21,000 miles with service to 23 eastern states and the District of
Columbia, and connects to more than 70 ocean, river and lake ports. More
information about CSX Corporation and its subsidiaries is available at
the company's web site, www.csx.com.
Expansion Projects Totaled $2.7 Billion in Investments
Jacksonville, Fla. - April 20, 2007 - CSX Transportation (CSXT) is
developing new business and helping its customers expand through more
than 140 industrial development projects begun in 2006.
Last year, the company attracted 88 new facilities to its lines and
helped customers expand more than 50 plants across CSXT's rail system.
Investments totaled more than $2.7 billion and are expected to generate
over 150,000 carloads of traffic for CSXT annually when the projects are
fully operational.
CSXT partners extensively with state, local and economic development
officials and works with 230 connecting regional and short line
railroads to help companies identify sites for new facilities or to
expand existing facilities. The railroad provides plant location
services, including site layout, engineering and logistics assistance.
"The value of our partnership with both the short lines and communities
we serve is represented by these numbers," said Derrick Smith, vice
president- Emerging Markets. "We have several strategies in place to
further meet the needs of our growing customers."
CSXT industrial development worked across a variety of markets in 2006
including:
* A new automobile assembly plant at West Point, Ga.;
* A dedicated intermodal terminal at Marion, Ohio;
* A new unit train terminal to receive perishable goods at Rotterdam,
N.Y.;
* A solid waste landfill in Coalton, Ky.; and
* Staging of multiple coal facilities.
"We are proud to serve these diverse industries with rail - a more
environmentally-friendly mode of transportation," said Charles McSwain,
assistant vice president - Regional Development. "We are particularly
pleased they have given CSX Transportation the opportunity to serve them
while they grow."
CSX Transportation Inc. is a principal operating company of CSX
Corporation. CSX Corporation, based in Jacksonville, Fla., is one of
the leading transportation companies, providing rail, intermodal and
rail-to-truck transload services. The company's transportation network
spans 21,000 miles with service to 23 eastern states and the District of
Columbia, and connects to more than 70 ocean, river and lake ports. More
information about CSX Corporation and its subsidiaries is available at
the company's web site, www.csx.com.
Have fun,
Len
Jacksonville, Fla. - April 20, 2007 - CSX Transportation (CSXT) today
praised the new performance bonus-based labor agreement with the
Brotherhood of Locomotive Engineers and Trainmen (BLET), saying it would
contribute to the continued success of CSXT and its employees.
"We are very pleased that the CSXT engineers opted for an agreement that
allows them to participate in and benefit from CSXT's financial
success," said Tony Ingram, executive vice president and chief operating
officer.
"I congratulate the negotiating teams for their success in creating an
agreement that recognizes the significant contribution of our
engineers," Ingram said. "Changes in scheduling will provide more
predictable work schedules, improving the safety of our employees and
service to our customers."
The BLET announced this week that its members have ratified the
agreement, which covers 5,200 CSXT locomotive engineers. The employees
receive a 3 percent pay increase and $2,500 salary bonus. In lieu of
future pay increases, the employees are eligible for performance bonuses
of 6 percent, 8 percent and 10 percent respectively, based on their
earnings in 2007, 2008 and 2009, if the company meets its financial and
strategic goals in those years.
CSX Transportation Inc. is a principal operating company of CSX
Corporation. CSX Corporation, based in Jacksonville, Fla., is one of the
leading transportation companies, providing rail, intermodal and
rail-to-truck transload services. The company's transportation network
spans 21,000 miles with service to 23 eastern states and the District of
Columbia, and connects to more than 70 ocean, river and lake ports. More
information about CSX Corporation and its subsidiaries is available at
the company's web site, www.csx.com.
Expansion Projects Totaled $2.7 Billion in Investments
Jacksonville, Fla. - April 20, 2007 - CSX Transportation (CSXT) is
developing new business and helping its customers expand through more
than 140 industrial development projects begun in 2006.
Last year, the company attracted 88 new facilities to its lines and
helped customers expand more than 50 plants across CSXT's rail system.
Investments totaled more than $2.7 billion and are expected to generate
over 150,000 carloads of traffic for CSXT annually when the projects are
fully operational.
CSXT partners extensively with state, local and economic development
officials and works with 230 connecting regional and short line
railroads to help companies identify sites for new facilities or to
expand existing facilities. The railroad provides plant location
services, including site layout, engineering and logistics assistance.
"The value of our partnership with both the short lines and communities
we serve is represented by these numbers," said Derrick Smith, vice
president- Emerging Markets. "We have several strategies in place to
further meet the needs of our growing customers."
CSXT industrial development worked across a variety of markets in 2006
including:
* A new automobile assembly plant at West Point, Ga.;
* A dedicated intermodal terminal at Marion, Ohio;
* A new unit train terminal to receive perishable goods at Rotterdam,
N.Y.;
* A solid waste landfill in Coalton, Ky.; and
* Staging of multiple coal facilities.
"We are proud to serve these diverse industries with rail - a more
environmentally-friendly mode of transportation," said Charles McSwain,
assistant vice president - Regional Development. "We are particularly
pleased they have given CSX Transportation the opportunity to serve them
while they grow."
CSX Transportation Inc. is a principal operating company of CSX
Corporation. CSX Corporation, based in Jacksonville, Fla., is one of
the leading transportation companies, providing rail, intermodal and
rail-to-truck transload services. The company's transportation network
spans 21,000 miles with service to 23 eastern states and the District of
Columbia, and connects to more than 70 ocean, river and lake ports. More
information about CSX Corporation and its subsidiaries is available at
the company's web site, www.csx.com.
