Business and government officials are bracing for the possibility of a nationwide rail strike at the end of this week while talks carry on between the largest U.S. freight railroads and their unions.
The railroads have already started to curtail shipments of hazardous materials and have announced plans to stop hauling refrigerated products ahead of Friday’s strike deadline. Now businesses that rely on Norfolk Southern, Union Pacific, BNSF, CSX, Kansas City Southern, and other railroads to deliver their raw materials and finished products have started planning for the worst.
In addition to all the businesses that rely on railroads to deliver their goods, passenger railroads are also affected because many of them operate on tracks owned by one of the freight railroads. Amtrak has already canceled several of its long-distance trains because there wouldn’t be enough time for them to reach their destinations before a strike or lockout would be allowed to begin at 12:01 a.m. Friday.
The railroads have reached tentative agreements with most of their unions, including a ninth deal announced Tuesday, based on the recommendations of a Presidential Emergency Board Joe Biden appointed this summer that called for 24% raises and $5,000 in bonuses in a five-year deal that’s retroactive to 2020. The deal also includes one additional paid leave day a year and higher health insurance costs.
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Businesses, White House plan for possible rail strike FridayBusiness and government officials are bracing for the possibility of a nationwide rail strike at the end of this week while talks carry on between the largest U.S. freight railroads and their unions. The railroads have already started to curtail shipments of hazardous materials and have announced plans to stop hauling refrigerated products ahead of Friday's strike deadline. Now businesses that rely on Norfolk Southern, Union Pacific, BNSF, CSX, Kansas City Southern and other railroads to deliver their raw materials and finished products have started planning for the worst.
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Businesses, White House plan for possible rail strike FridayOMAHA, Neb. (AP) — Business and government officials are bracing for the possibility of a nationwide rail strike at the end of this week while talks carry on between the largest U.S. freight railroads and their unions.
Read more »
Businesses, White House plan for potential end-of-week rail strikeThe railroads have already started to curtail shipments of hazardous materials and refrigerated products ahead of Friday’s strike deadline.
Read more »
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