Rail Strike Averted with Last Minute Deal
The nation narrowly avoided yet another supply chain crisis ahead of the Holiday selling season as the railroad unions and management reached a tentative deal Thursday following intervention by the U.S. Department of Labor. The Association of American Railroads had estimated a $2 billion per day impact to the economy in the event of a strike, which would have been the first national shutdown in 30 years. The depths of the 2020-’21 supply chain crisis had already been impacted by a nearly one-third reduction in railroad workforces over the last six ... Log in to view full article.