Florida East Coast Railway Extends Contract With IBEW, other Unions

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Florida East Coast extends agreement with Teamsters
Thursday December 22, 2:37 pm ET

Florida East Coast Railroad has extended an agreement with the union that maintains the company's rail lines in Florida.

FEC reached an agreement on a five-year extension with the Brotherhood of Maintenance of Way Employees Division of the International Brotherhood of Teamsters. The new agreement will be in effect until Dec. 31, 2009.

The BMWED agreement represents approximately 120 workers who maintain the right-of-way between Jacksonville and Miami. FEC also extended agreements with the United Transportation Union and the International Brotherhood of Electrical Workers.

"We are pleased to finalize these talks and extend all our agreements, which range from three to five years," said John McPherson, president and chief operating officer of FEC. "The agreements provide well-balanced wage and benefit solutions for employees and the company."

Florida East Coast Railway is a wholly-owned subsidiary of Florida East Coast Industries Inc. (NYSE: FLA - News). FEC operates a freight railroad along a 351-mile corridor between Jacksonville and Miami.

Published December 22, 2005 by The Business Journal