U.S. Railway Strike Averted At The Eleventh Hour

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U.S. Railway Strike Averted At The Eleventh Hour

A railway workers’ strike has been averted for the time being after railway companies and trade unions reached a tentative deal after more than two years of negotiations. Reuters reported that President Biden had announced the agreement earlier today, just as companies were bracing up for the start of industrial action that could have taken place as early as tomorrow. A railway workers’ strike would have paralyzed as much as 30 percent of U.S. cargo shipments, delivering a $2-billion blow to the U.S. economy. “It is a win for tens of thousands...

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