Supply Chain

September 15, 2022

President Biden said Thursday morning that a tentative labor deal has been hammered out between rail worker unions and freight railroad companies to avert a strike that has threatened to disrupt commuter and passenger trains and worsen supply-chain delays. Biden said the tentative agreement would "keep our critical rail system working and avoid disruption of our economy." Rail workers will get better pay, working conditions, and health-care-cost "peace of mind," he said, while railways would win, too, because they will be able to "retain and recruit more workers." The agreement came after Amtrak said it was canceling long-distance passenger trains starting Thursday ahead of a 12:01 a.m. Friday deadline for an agreement. Industry groups have halted some grain shipments.

Related

Newsletter

Get the featured stories in your email and don't miss out on important news.