US Railway Companies, Unions Reach Tentative Agreement Averting Catastrophic Strike
- Today morning, the rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and the economy, after 20 hours of talks. Railroad stocks gained after the news.
- The tentative deal averts a freight railroad strike that had threatened to cripple the U.S. supply chains and push prices higher for many goods.
- The potential strike by the U.S. rail workers threatens to delay consumer goods sailing from China, affecting global supply chains trying to recover from disruptions due to the pandemic and the Ukraine-Russia war.
