Progressive Railroading



RAIL EMPLOYMENT

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home Labor

10/8/2014



Rail News: Labor

SMART division members ratify six-year pacts at two terminal railroads


SMART Transportation Division-represented trainmen, engineers and yardmasters employed by the Lake Terminal Railroad recently ratified a new six-year agreement.

The pact provides six annual wage increases, retroactive to July 1, 2013, and rolls in previous cost-of-living adjustments, resulting in an 18.7 percent cumulative wage increase over the life of the contract, union officials said in a press release.

The agreement also includes lump-sum back pay, increases carrier-matching contributions to 401(k) accounts, establishes an additional retirement account for new hires, limits workers' health and welfare contributions to 12 percent of plan costs, and freezes co-pays and deductibles.

Meanwhile, SMART Transportation Division-represented trainmen and yardmasters employed by the Terminal Railroad-Alabama State Docks also ratified a new six-year agreement.

The pact provides 3 percent general wage increases annually, retroactive to April 1, 2012, with the final 3 percent hike on April 1, 2017, resulting in a cumulative wage increase of 19.1 percent over the life of the contract, union officials said. The agreement also allows employees to bank up to 60 personal leave days.



Contact Progressive Railroading editorial staff.

More News from 10/8/2014