Unions and management reached a tentative deal early this morning, averting a freight railroad strike that had threatened to cripple U. S. supply chains and push prices higher for many goods. A statement from the White House called it “an important win for our economy and the American people”.
Kansas Senator Jerry Moran spoke on the Senate floor Tuesday, urging the Nation’s railroads and their unions to avoid a strike saying it would have been catastrophic to the agriculture industry and the global food supply at a time when huger is rampant around the world:
He says a Nationwide rail shutdown would have caused a loss of over $2 billion a day in missed economic output.
