Major U.S. railroads and the United Transportation Union, reached a tentative five-year contract agreement that runs through December 2014.
The accord, which modifies the current national agreement, is retroactive to Jan. 1, 2010 and covers about 38,000 UTU workers. It must be ratified by membership of each affected UTU craft, but the existing national contract remains in force until then.
The two sides declined to release terms of their accord. The UTU said it will give details to its general chairpersons, who will then have 15 days to submit questions in writing. Those questions and answers will be made available to union members before they vote.
It is the first major rail union agreement reached in the current cycle, so its terms would be expected to establish the pattern for others.
The National Carriers' Conference Committee, which negotiated for the railroads, said the two sides reached their accord on April 21, although both announced the deal today.
The NCCC represented about 30 lines including Union Pacific Railroad, BNSF Railway, Norfolk Southern Railway, CSX Transportation, Kansas City Southern Railway and Canadian Pacific Railway's Soo Line.