Tentative Rail Agreement Reached

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Tentative Rail Agreement Reached

US railroad companies and unions representing more than 100,000 workers reached a tentative agreement, the government said, a breakthrough that looks to avert a labor disruption that risked adding supply-chain strains to the world’s largest economy.

 

“Following 20 consecutive hours of negotiations at the Department of Labor, rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and our nation’s economy,” according to a Labor Department statement early Thursday.

 

It was a “hard-fought, mutually beneficial deal,” the statement said. “Our rail system is integral to our supply chain, and a disruption would have had catastrophic impacts on industries, travelers and families across the country.”

 

Posted by Andrea Wiley at 09:03