{"id":26801,"date":"2016-06-02T15:02:14","date_gmt":"2016-06-02T19:02:14","guid":{"rendered":"https:\/\/www.smart-union.org\/?p=26801"},"modified":"2016-06-02T15:02:14","modified_gmt":"2016-06-02T19:02:14","slug":"smart-railroad-mechanical-engineering-department-bargaining-update","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/smart-railroad-mechanical-engineering-department-bargaining-update\/","title":{"rendered":"SMART Railroad Mechanical &amp; Engineering Department Bargaining Update","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>&nbsp;<br \/>\nThe SMART Mechanical\/BMWED coalition held negotiations on Tuesday, May 24, 2016, with the National Carriers&#8217; Conference Committee (NCCC) at Norfolk Southern\u2019s corporate office in Atlanta, Georgia.<br \/>\nSMART Mechanical\/BMWED expert economist, Tom Roth, gave an in depth presentation regarding the \u201cBig Four\u201d Class 1 freight railroads\u2019 financial status.\u00a0 In summary, the demand for coal has been reduced on account of a glut of cheaper natural gas derived by fracking, coupled with a lessening of world demands for coal, particularly from China.\u00a0 Consequently, Burlington Northern Santa Fe, CSX, Norfolk Southern and Union Pacific have experienced decreased volumes of coal shipped by rail.\u00a0 However, the railroads have been able to adapt their business model by fulfilling other shipping demands to moderate their losses in coal volume.\u00a0 He also observed that while 2015 revenue was a little off from the peak year of 2014, the railroads were still doing comparatively well and have been enjoying a historically prosperous run for over a decade. \u00a0The concluding remark of economist Roth was that the current financial and economic environments for the \u201cBig Four\u201d railroads are better than the last two rounds of national negotiations, even though 2016 will continue to see some structural readjustments in railroad operations.<br \/>\nThe NCCC had no immediate comments regarding the presentation but did note that they desired to analyze the information and requested the sources of Roth\u2019s presentation.\u00a0 They further noted that they would provide a presentation regarding their position on the freight railroads\u2019 financial status at an unspecified future date.<br \/>\nFurther negotiations are scheduled for the end of July 2016 as well as during September 2016.\u00a0 Although negotiations are proceeding slowly, we believe that the SMART Mechanical\/BMWED initiatives on healthcare will assist the parties in reaching a voluntary agreement. \u00a0SMART Mechanical &amp; Engineering Department members are represented by \u00a0Chairman Joe Fraley.<br \/>\n&nbsp;<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>&nbsp; The SMART Mechanical\/BMWED coalition held negotiations on Tuesday, May 24, 2016, with the National Carriers&#8217; Conference Committee (NCCC) at Norfolk Southern\u2019s corporate office in Atlanta, Georgia. SMART Mechanical\/BMWED expert economist, Tom Roth, gave an in depth presentation regarding the \u201cBig Four\u201d Class 1 freight railroads\u2019 financial status.\u00a0 In summary, the demand for coal has [&hellip;]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[12],"tags":[],"member_types":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMART Railroad Mechanical &amp; Engineering Department Bargaining Update - SMART Union<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smart-union.org\/smart-railroad-mechanical-engineering-department-bargaining-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMART Railroad Mechanical &amp; Engineering Department Bargaining Update - SMART Union\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The SMART Mechanical\/BMWED coalition held negotiations on Tuesday, May 24, 2016, with the National Carriers&#8217; Conference Committee (NCCC) at Norfolk Southern\u2019s corporate office in Atlanta, Georgia. 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