President Joe Biden has blocked a freight railroad strike for at least 60 days by naming a board of arbitrators to intervene in the contract dispute, averting action that could have disrupted all kinds of shipments
President Joe Biden arrives at King Abdulaziz International Airport, Friday, July 15, 2022, in Jeddah, Saudi Arabia. OMAHA, Neb. — — President Joe Biden on Friday blocked a freight railroad strike for at least 60 days by naming a board of arbitrators to intervene in the contract dispute, averting action that could have disrupted all kinds of shipments.develop a set of contract recommendations for both sides to consider. Biden had to act before Monday to prevent a possible strike.
The United Rail Unions coalition said the labor unions are preparing to make their case to the board of arbitrators, and believe that current economic data shows the raises they are asking for “are more than warranted when compared to our memberships’ contribution to the record profits of the rail carriers.”
Any prolonged rail strike could cripple the supply chain that has been slowly recovering from the backlogs and delays that became common during the pandemic because of worker shortages at the ports, trucking companies and railroads as demand for imports surged. Business groups had urged Biden to take this step to ensure the railroads would continue operating. They worry about what a strike or lockout would mean for the fragile supply chain because railroads deliver all kinds of raw materials, finished products and imported goods that businesses rely on. A railroad strike could jeopardize the health of the economy.
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