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Remember in September when the country was on the brink of a nationwide rail strike that almost froze critical transportation networks?
A similar scenario could be nearing as workers of major freight rail companies have yet to settle on a new contract.
Twelve rail unions representing 115,000 workers must ratify a new contract to prevent an economically devastating strike by early December. If one union disagrees, all other unions must honor the labor action.
So far, seven unions have voted to ratify the tentative agreement. Three other unions representing 60,000 workers have voted it down. And two of the largest unions, representing 60,000 locomotive engineers and train conductors, are voting on the deal.
read more:
https://www.zerohedge.com/markets/nationwide-rail-strike-looms-christmas
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