US railroads are poised to stop shipments of farm products and other key goods starting Thursday as the industry braces for a possible labor strike that could cost the world’s biggest economy more than US$2 billion a day.
Norfolk Southern Corp. said it plans to halt unit train shipments of bulk commodities on Thursday ahead of a potential US rail worker strike the following day. The railroad also said it would stop accepting autos for transit at its facilities starting Wednesday afternoon. Other railways are likely to follow suit, according to one agriculture group.
“Our members rely on about 27 million bushels of corn and 11 million bushels of soybean meal every week to feed their chickens,” said Tom Super of the National Chicken Council. “Much of that is moved by rail.” The halting of cargoes by some railways is aimed at ensuring crews aren’t stranded if a work stoppage occurs Friday morning, Fisher said. Reuters earlier reported on the plan.
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