Rail Strike

[Baud Dude]

I've been following this for months. Freight railroads and their 115k union workers have been threatening to strike over sick days and more. The dispute got pushed until after November with a cooling off period. Has big implications for parcel freight (Christmas packages) thermal coal and follow-on effects for natural gas and other sources of energy.

Looks like Biden is going to ask Congress to force the unions back to work? They have authority under the Railway Labor Act. Awkward positioning for politicians.

“As a proud pro-labor President, I am reluctant to override the ratification procedures and the views of those who voted against the agreement,” Mr. Biden said in a statement. “But in this case—where the economic impact of a shutdown would hurt millions of other working people and families—I believe Congress must use its powers to adopt this deal.”

Biden Calls on Congress to Pass Legislation to Avert Rail Shutdown

The move would cut short a long-running labor dispute between the country’s biggest freight railroads and more than 115,000 workers that threatens to hurt the economy.

www.wsj.com

 

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