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All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
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U.S. rail strike averted, as major railroads and unions agreed not to strike
Posted on September 19, 2022 |
- U.S. railroads and unions with tens of thousands of workers agreed to not strike but union members are enraged due to tough work conditions and are yet to ratify their agreement.
- The deal includes 5 major operators which are BNSF, CSX, Kansas City Southern, Norfolk Southern, and Union Pacific, representing 115,000 workers.
- If the rank-and-file members of the different unions approved the tentative agreement, workers whose pay has been frozen since 2020 will have a 14.1% increase and seek certain types of medical care without fear of punishment.
- Unions that rejected prior proposals, will now vote on the agreement yet if some of those votes were to fail again, a strike would not be immediate.
Image: Daily Maverick