As rail strike looms, US industry braces for impact – Thelocalreport.in

0
56


(NewsNation) — American consumers and nearly every US industry will be affected if freight trains grind to a halt next month.

One of the biggest rail unions rejected a deal Mondayjoining three others that have failed to approve contracts over concerns about demanding schedules and the lack of paid sick time.

That raises the risk of a strike, which could start as soon as Dec. 9 under a deadline that was pushed back Tuesday.

It wouldn’t take long for the effects of a rail strike to trickle through the economy. Many businesses only have a few days’ worth of raw materials and space for finished goods. Makers of food, fuel, cars and chemicals would all feel the squeeze, as would their customers.

United States Secretary of Transportation Pete Buttigieg said the Biden administration’s goal is to make sure a strike doesn’t happen.

“We’ve got to get to a solution that does not subject the American economy to the threat of a shutdown,” Buttigieg told NewsNation’s Leland Vittert. “We don’t have enough trucks or barges or ships in this country to make up for the rail network.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here