The major U.S. freight railroads have reached a tentative five-year deal with their largest union, which represents 38,000 workers.
The deal between the railroads' National Carriers' Conference Committee and the United Transportation Union, whose members include brakemen and conductors, was announced Monday. The UTU represents roughly one-third of all rail workers.
The NCCC represents BNSF, CSX Transportation, Kansas City Southern, Norfolk Southern, Union Pacific and more than 25 other railroads in bargaining.
Terms of the contract, which would be retroactive to January 1, 2010, were not disclosed because the union hasn't presented it to its members yet. This is the first deal agreed to in the current round of negotiations that started in January 2010.
The railroads remain in mediation with two labor coalitions representing 11 other unions.