Union Pacific Inks Deal With National Conference of Firemen & Oilers

Group 1: Union Pacific Corporation (UNP) - Union Pacific Corporation has entered into a tentative agreement with the National Conference of Firemen & Oilers to enhance employee quality of life through improved working schedules, wage increases, additional vacation time, and health benefits over a five-year term [1] - The new deal was reached before the expiration of the current agreement, which ends on July 1, 2025, reflecting UNP's employee-friendly approach and commitment to maintaining good relations with employees and unions [2] - CEO Jim Vena emphasized that the agreement allows the company to focus on future growth and service delivery to customers, thanking NCFO leadership for their collaboration [3] Group 2: Industry Context - Other companies in the rail industry, such as CSX Corporation, Canadian Pacific Railway Limited, and Canadian National Railway Company, have also recently entered into collective agreements with unions, indicating a trend of labor negotiations across the sector [3] - CSX has ratified agreements with 11 labor unions covering 47% of its unionized workforce, focusing on improved wages, healthcare, and paid time off [4] - Canadian Pacific has ratified two collective agreements in 2025, providing long-term labor stability and improved wages and benefits for approximately 3,800 employees [5][6] - Canadian National's new four-year agreement includes annual wage increases of 3% and will expire on December 31, 2028, covering around 750 employees [7]