Wednesday, December 6, 2023 |

A railroad work stoppage looms. Here’s where things stand.

September 14, 2022
BNSF classification yard in northwest Denver, CO, USA.

Railroad companies began implementing embargoes on certain shipments Monday ahead of a possible work stoppage that threatens to devastate the U.S. economy. The railroads and 12 unions representing over 100,000 employees have been negotiating a new labor contract for over two years. After multiple attempts at mediation — including the formation of an emergency board appointed by President Joe Biden — a strike or lockout becomes possible on Friday when a final federally mandated “cool down” period ends. To date, the railroads have reached tentative agreements with eight of the 12 unions based on the recommendations of the presidential emergency board.

Article Source: Baltimore Business Journal

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