New York CNN — The failure of a freight railroad strike to begin on Friday is a huge win for the US economy and its still struggling supply chain. But that does not mean that freight railways provide good service to their customers. Many of the issues hampering the supply chain, driving up prices and …
Freight rail service is terrible, even without the threat of a strike | CNN Business Read More »
Railroad workers could leave the industry after Congress forced a contract that grants them no paid sick leave, an exodus that would ripple through an economy dependent on freight railroads to move goods. The exit of thousands of train drivers and engineers would be felt by big business and American consumers alike. It could slow …
Rail workers warn of exodus after Congress pushes through deal Read More »
WASHINGTON — President Biden on Friday signed legislation to force a labor agreement between railroads and workers who had been locked in a bitter dispute, averting a strike that could have upended the economy just before the holidays. “Without rail freight, many American industries would literally shut down,” Biden said before signing the bill, adding …
Biden signs legislation to avoid national rail strike Read More »
“The 360” shows you diverse perspectives on the major stories and debates of the day. What is happening Congress moved quickly this week to pass legislation that will prevent a nationwide strike by railroad workers, just days after President Biden warned that a work stoppage would “devastate our economy.” The threat of a railway strike, …
Rail strike averted: Did Biden betray his pro-union credentials? Read More »
WASHINGTON (AP) — The U.S. House of Representatives moved urgently to end the looming nationwide railroad strike on Wednesday, passing a bill that would bind businesses and workers to a proposed settlement concluded in September but rejected by some of the 12 unions concerned. The measure passed by a vote of 290 to 137 and …
House votes to avoid rail strike and force union deal Read More »
President Biden met with congressional leaders on Tuesday and said he was “confident” that a railroad strike can be averted. Congress is being pressed to pass legislation ending the threat of a nationwide railroad strike. Hurry up. A walkout could occur as early as next week, with damaging supply chain disruptions expected to begin within …
Members of a union that mainly represents rail freight drivers have narrowly rejected a provisional work contract, their union said on Monday. If the two sides fail to reach another tentative agreement by early December, railroad workers could strike – an outcome that industry officials say could cost the economy more than $2 billion a …
Key Freight Rail Union rejects deal, raising strike risk Read More »
