Concerns over the railroad worker unions strike have been around this year. While the economy is already battling record-high inflation, the Federal Reserve’s persistent hawkish stance, geopolitical tensions, and a potential recession, the nation’s freight rail companies and their workers’ union are yet to settle on a new contract after three years of negotiations.
The railway industry tends to benefit significantly during the holiday season. However, a potential industry-wide strike could hamper the industry’s growth and restrain holiday supplies. Rail workers must ratify the new contract to prevent a nationwide rail shutdown.
