CSX Corporation Announces Labor Agreement and Dividend Increase

CSX Corporation has reached a tentative labor agreement with the Brotherhood of Locomotive Engineers and Trainmen, covering approximately 3,400 locomotive engineers. The agreement is effective as of [date].

Key Details of the Labor Agreement

• The agreement covers approximately 3,400 locomotive engineers
• The terms of the agreement have not been disclosed

Dividend Declaration

CSX Corporation has declared a quarterly dividend, with the amount increasing by 9.09% compared to the previous year. The dividend will be paid on [date] to shareholders of record as of [date].

Stock Price Performance

The company’s stock price has been stable, with no significant fluctuations reported recently.

Company Position

CSX appears to be taking steps towards resolving labor disputes and maintaining its position in the freight market.