A rail traffic stoppage could freeze almost 30% of U.S. cargo shipments by weight, stoke inflation and cost the American economy as much as $2-billion per day
More than 400 groups on Monday called on Congress to intervene in an ongoing railroad labor standoff that threatens to idle shipments of food and fuel and strand rail travelers while inflicting billions of dollars of economic damage.
Workers in four unions have rejected a tentative contract deal announced in September, while eight approved it. A rail traffic stoppage could freeze almost 30 per cent of U.S. cargo shipments by weight, stoke inflation and cost the American economy as much as $2-billion per day by unleashing a cascade of transport woes affecting U.S. energy, agriculture, manufacturing, healthcare and retail sectors.
Last week, the U.S. Chamber implored lawmakers to step in one day after members of the country’s biggest railroad union rejected a tentative agreement.
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