Potential Rail Strike Threatens Supply Chain
Our economy is already in dire straits and the supply chain is already strained. A strike is the last thing we need right now.
From CBN News. The nation’s first railroad strike in 30 years could arrive in early December, devastating the supply chain ahead of the holidays.
More money isn’t the goal for these union railway employees. They’re fighting for paid medical leave and more time to spend with family.
Failure to strike a deal likely means more than just delayed holiday gifts.
“If you think about what travels on rail, it actually becomes a national security issue,” said Jim Nelles, a supply chain consultant.
From ethanol and natural gas to building materials, even the chemicals that purify your drinking water — all travel by rail. It could come to a screeching halt if a deal is not reached. …
A September strike was averted after President Biden imposed a 60-day cooling-off period, pushing negotiations past the midterm elections.
“The only reason we’re not in a worse situation is because of the recession right now. Our imports from China are down significantly and the ports are less busy,” Nelles said.
At this point, Congress could prevent a work stoppage or lockout through the Railway Labor Act. It could impose a deal or force workers to go back to work under the terms of the contract they just rejected.
“I really believe they’re going to have a strike. And once the government steps in and shuts down the strike, I believe that’s going to cause a massive slowdown,” Nelles said. “It’s going to cost the economy about $3 billion per day, every day there’s a strike or a slowdown.” …
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