Norfolk
Southern and Brotherhood of Locomotive Engineers and Trainmen reach new
five-year collective bargaining agreement
NORFOLK,
VA., Jan. 30, 2015 -- Norfolk Southern and
the Brotherhood of Locomotive Engineers and Trainmen today reached a new
collective bargaining agreement that continues to link engineer compensation to
corporate performance through 2019.
The agreement, which covers approximately 4,600 locomotive
engineers, provides engineers with an annual bonus opportunity based on
corporate performance and for the first time includes individual incentive
opportunities based on personal performance. The agreement also includes changes
to improve engineer work scheduling, which will help ensure that NS has a more
stable and available workforce while providing employees with more predictable
schedules.
“The new agreement builds on our long history of
collaborative problem-solving with the BLET, and it will have a positive impact
on employees, our customers and the long-term success of the company,” said
Norfolk Southern Labor Relations Vice President Scott Weaver. “We thank the BLET
for its continued partnership throughout this process.”
About
Norfolk Southern
Norfolk Southern
Corporation
(NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk
Southern Railway Company subsidiary operates approximately 20,000
route
miles
in 22 states and the District of Columbia, serves every major container port in
the eastern United States, and provides efficient connections to other rail
carriers. Norfolk Southern operates the most extensive intermodal network in the
East and is a major transporter of coal, automotive, and industrial
products.
Media
Inquiries:
Susan Terpay, 757-823-5204 (susan.terpay@nscorp.com)
Investor Inquiries:
Katie Cook, 757-629-2861 (InvestorRelations@nscorp.com)