Arlington, VA (September 15, 2022) – The National Carriers’ Conference Committee (NCCC), which represents the nation’s freight railroads in national collective bargaining, today issued the following statement:

We are pleased to announce that the nation’s freight railroads have reached tentative agreements with the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters; the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division; and the Brotherhood of Railroad Signalmen. Together, the three unions represent approximately 60,000 railroad employees.

The tentative agreements announced today follow the August 16 recommendations of Presidential Emergency Board (PEB) No. 250, which include a 24 percent wage increase during the five-year period from 2020 through 2024 — with a 14.1 percent wage increase effective immediately — and five annual $1,000 lump sum payments.

Significantly, these tentative agreements avert a possible work stoppage on Friday, September 16. All tentative agreements are subject to ratification by the unions’ memberships.

The NCCC would like to thank the unions’ leadership teams for their professionalism and efforts during the bargaining process. We also would like to thank the Biden administration – in particular Secretary of Labor Marty Walsh and his team, Secretary of Transportation Pete Buttigieg, Secretary of Agriculture Tom Vilsack, and the board members and staff at the National Mediation Board – for their assistance in reaching these settlements.