Railroad

'The economy is in jeopardy': President Biden again urges Congress to help avert railroad strike

‘The economy is in jeopardy’: President Biden again urges Congress to help avert railroad strike

Pressure is high for unions and railroad management to reach a labor agreement before a potential railroad strike hits the United States in 10 days. Negotiations have been ongoing since September, but after the two sides failed to reach an agreement, President Biden ordered Congress to intervene before the December 9 deadline. “Congress must act …

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Biden calls on US Congress to block railroad strike that could ‘devastate the economy’

Joe Biden called on Congress to step in and block a railroad strike before next month’s deadline in stalled contract talks, saying a strike would “destroy our economy”. Biden’s move comes as business groups warned the impending strike would hit just before the holiday season and worsen inflation problems in the United States. “Let’s be …

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As railroad strike looms, U.S. industry braces for impact

As railroad strike looms, U.S. industry braces for impact

(NewsNation) – American consumers and almost all American industries will be affected if freight trains stop next month. One of the railroad’s largest unions rejected a deal on Monday, joining three others who did not approve the contracts due to concerns about demanding schedules and a lack of paid sick leave. This increases the risk …

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Retailers disclose earnings, possible railroad strike, Fed minutes and more: Tuesday's 5 things to know

Retailers disclose earnings, possible railroad strike, Fed minutes and more: Tuesday’s 5 things to know

Former U.S. Transportation Secretary Elaine Chao wants the current Sec. Pete Buttigieg “good luck” in finding a solution to the impending strike of the railway workers. Here are the key events happening on Tuesday this could have an impact on trade. RETAILER REVENUES: A busy morning ahead for retail revenue, with Best Buy, Dollar Tree, …

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America faces possible railroad strike in two weeks after biggest union rejects labor deal |  CNN Business

America faces possible railroad strike in two weeks after biggest union rejects labor deal | CNN Business

New York CNN Business — America faces a growing risk of a crippling nationwide freight rail strike in two weeks. Rank and file members of the country’s largest rail union, which represents drivers in the industry, have rejected a tentative labor agreement with the freight railways, the union announced on Monday. The country’s second-largest railway …

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Railroad major union SMART-TD votes to reject labor deal as nationwide strike nears

Railroad major union SMART-TD votes to reject labor deal as nationwide strike nears

An aerial view of shipping containers and freight trains at the BNSF Los Angeles Intermodal Facility yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters SMART-TD, one of the largest railroad unions, rejected the tentative agreement with railroad management, raising the likelihood of a strike in December. BLET, the other largest union …

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