Looming rail strike would have vast impact on economy if freight trains grind to a halt
American consumers and nearly every industry will be affected if freight trains grind to a halt in December. One of the biggest rail unions rejected its deal on November 21, 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 December 5. It would not 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....
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