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Planned rail strikes in March and April have been called off.
Union members for 14 train companies, including train guards, were set to walk out on 30 March and 1 April.
The Rail Delivery Group (RDG) - which represents train companies - said it was now focused on "working constructively towards a settlement to this dispute."
The breakthrough comes days after RMT members at Network Rail voted to accept a pay deal.
The RDG said it was a "welcome step" by the RMT leadership to call off tge planned action.
"We are now jointly focused on working constructively towards a settlement to this dispute, which will mean we can do what we have always wanted to do - give our people a pay rise and help secure the long-term future of the railway with rewarding careers for all those who work on it", an RDG spokesperson said.