EXPLAINER: Rail strike would have wide impact on US economy
American consumers and nearly every industry will be affected if freight trains grind to a halt next month
OMAHA, Neb. (AP) — American consumers and nearly every industry will be affected if freight trains grind to a halt next month.
One of the biggest rail unions rejected its deal Monday, joining three others that have failed to approve contracts over concerns about demanding schedules and the lack of paid sick time. That raises the risk of a strike, which could start as soon as Dec. 5.
It wouldn’t take long for the effects of a rail strike to trickle through the economy. Many businesses only have a few days’ worth of raw materials and space for finished goods. Makers of food, fuel, cars and chemicals would all feel the squeeze, as would their customers.
That's not to mention the commuters who would be left stranded because many passenger railroads use tracks owned by the freight railroads.
