financetom
Business
financetom
/
Business
/
Union Pacific locomotive engineers ratify new five-year contract
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Union Pacific locomotive engineers ratify new five-year contract
Oct 3, 2025 2:27 PM

(Reuters) -Locomotive engineers at Union Pacific ( UNP ) voted to ratify a new five-year contract with the railroad operator, the BLET-Teamsters union said on Friday.

Under the new contract, nearly 6,000 members represented by the Brotherhood of Locomotive Engineers and Trainmen, a division of the rail conference of the International Brotherhood of Teamsters (IBT), will earn raises of 18.8% over the life of the agreement.

The contract also includes improved health and welfare benefits, the union said.

Last week, the largest U.S. railroad union, SMART-TD, approved Union Pacific's ( UNP ) $85 billion acquisition of Norfolk Southern, helping to advance a deal that had been expected to face resistance from unions and regulators.

The deal will create the nation's first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country.

The two companies are expected to file a formal merger application with the Surface Transportation Board, which oversees rail competition and service, by late October or by January 2026.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RTX to take $300 million fourth quarter charge tied to pension buyout
RTX to take $300 million fourth quarter charge tied to pension buyout
Nov 13, 2025
(Reuters) -RTX Corp ( RTX ) said on Thursday it will incur non-cash pretax charge of about $300 million in the fourth quarter related to the transfer of $2.5 billion in pension obligations to a Prudential Financial ( PRU ) unit through an annuity buyout. The annuity buyout will shift responsibility for payments to about 60,000 retirees and beneficiaries, or...
Securitize and Cantor Equity Partners II Announce Confidential Submission of Draft Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission
Securitize and Cantor Equity Partners II Announce Confidential Submission of Draft Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission
Nov 13, 2025
MIAMI and NEW YORK, Nov. 13, 2025 /PRNewswire/ -- Securitize, Inc. (Securitize or the Company), the world's leading platform1 for tokenizing real-world assets, and Cantor Equity Partners II, Inc. ( CEPT ) , a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, today announced that on November 12, 2025, Securitize Holdings, Inc. (Pubco), a wholly-owned subsidiary of Securitize,...
Roundtable CEO James Heckman to Host Virtual Investor Event on Thursday, November 20 Ahead of Merger with RYVYL
Roundtable CEO James Heckman to Host Virtual Investor Event on Thursday, November 20 Ahead of Merger with RYVYL
Nov 13, 2025
SAN DIEGO, CA, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Roundtable (the “Company”) CEO James Heckman today announced that ahead of Roundtable’s expected merger with RYVYL Inc. ( RVYL ) , the Company will host a virtual Investor Event on Thursday, November 20, 2025, at 1:00 PM ET to highlight for investors the key benefits of the proposed transaction. The webinar...
Eli Lilly, Novo Nordisk Make GLP-1 Medications Available Through Mangoceuticals Platform
Eli Lilly, Novo Nordisk Make GLP-1 Medications Available Through Mangoceuticals Platform
Nov 13, 2025
07:56 AM EST, 11/13/2025 (MT Newswires) -- Eli Lilly ( LLY ) and Novo Nordisk ( NVO ) have entered into a partnership with Mangoceuticals ( MGRX ) to launch two integrated programs that provide direct access to the two firms' GLP-1 medications, Mangoceuticals ( MGRX ) said Thursday. MangoRx Direct and PeachesRx Direct will provide access to Lilly's Zepbound...
Copyright 2023-2026 - www.financetom.com All Rights Reserved