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Railroad strike, and the economic damage it would cause, looms closer


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https://www.cnn.com/2022/09/13/business/railroad-strike-outlook-economic-impact/index.html

But there are no alternatives to move the freight carried on rail. The American Trucking Associations issued a statement saying that it would require more than 460,000 additional long-haul trucks every day, which it said "is not possible based on equipment availability and an existing shortage of 80,000 drivers." It called on Congress to act to keep the railroad workers on the job, saying the trucking system itself depends on sharing shipments with the railroads.

 

 

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U.S. railroad strike averted as unions, companies reach tentative deal | Reuters

WASHINGTON, Sept 15 (Reuters) - Major U.S. railroads and unions secured a tentative deal after 20 hours of intense talks brokered by the Biden administration to avert a rail shutdown that could have hit food and fuel supplies nationwide.

U.S. President Joe Biden announced the deal in a statement early Thursday morning, calling it "a win for tens of thousands of rail workers who worked tirelessly through the pandemic to ensure that America's families and communities got deliveries of what have kept us going during these difficult years."

The tentative deal now goes to the unions to be voted on, according to a person familiar with the negotiations.

Even if those votes fail, a rail shutdown that could have happened as soon as midnight Friday has been averted for several weeks due to the standard language included in such a deal, this person said.

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1 hour ago, cccjwh said:

 

U.S. railroad strike averted as unions, companies reach tentative deal | Reuters

WASHINGTON, Sept 15 (Reuters) - Major U.S. railroads and unions secured a tentative deal after 20 hours of intense talks brokered by the Biden administration to avert a rail shutdown that could have hit food and fuel supplies nationwide.

U.S. President Joe Biden announced the deal in a statement early Thursday morning, calling it "a win for tens of thousands of rail workers who worked tirelessly through the pandemic to ensure that America's families and communities got deliveries of what have kept us going during these difficult years."

The tentative deal now goes to the unions to be voted on, according to a person familiar with the negotiations.

Even if those votes fail, a rail shutdown that could have happened as soon as midnight Friday has been averted for several weeks due to the standard language included in such a deal, this person said.

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On 9/15/2022 at 8:15 AM, cccjwh said:

 

U.S. railroad strike averted as unions, companies reach tentative deal | Reuters

WASHINGTON, Sept 15 (Reuters) - Major U.S. railroads and unions secured a tentative deal after 20 hours of intense talks brokered by the Biden administration to avert a rail shutdown that could have hit food and fuel supplies nationwide.

U.S. President Joe Biden announced the deal in a statement early Thursday morning, calling it "a win for tens of thousands of rail workers who worked tirelessly through the pandemic to ensure that America's families and communities got deliveries of what have kept us going during these difficult years."

The tentative deal now goes to the unions to be voted on, according to a person familiar with the negotiations.

Even if those votes fail, a rail shutdown that could have happened as soon as midnight Friday has been averted for several weeks due to the standard language included in such a deal, this person said.

But the deal came at a cost that could lead to higher costs for travelers in the near future. Rail workers won a 24 percent increase over the next five years, along with better working conditions and health care coverage, and paid time off.

The issue is not necessarily resolved. The tentative agreement still has to be agreed to by 12 labor unions, and one of those has already rejected the deal. That union said it would delay a possible strike as other unions consider the agreement.

https://www.foxnews.com/politics/planes-trains-and-automobiles-bidens-ongoing-headache

 

 

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