Omaha, NE – According to The Trucker, “this special board appointed by President Joe Biden to intervene in stalled railroad contract talks suggested Tuesday that 115,000 rail workers should get 24% raises and thousands of dollars in bonuses as part of a new agreement to avert a strike. Over the next month, these recommendations will be used by railroads and unions for a new round of negotiations.” If the two sides are unable to reach an agreement by mid-September, federal law allows for a strike or lockout. However, Congress will almost certainly intervene before then to keep the supply chain moving.
They also reported, “A railroad strike could devastate businesses that rely on Union Pacific, BNSF, Norfolk Southern, CSX and other major freight railroads to deliver raw materials and ship their products.” Click here to learn more.
