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Tuesday, November 29, 2022

As rail strike looms, US industry braces for impact

American consumers and nearly every U.S. industry will be affected if freight trains grind to a halt next month. 

One of the biggest rail unions rejected a deal Monday, joining 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.