US could welcome first national rail strike in 30 years, experts predict daily economic losses of $ 2 billion
2022-09-15 15:16:04Source: CCTV News Client
–
Several major unions representing railroad workers have been negotiating with major rail freight companies over labor disputes in recent days, according to several US media reports. As the parties have been slow to reach an agreement in the negotiations, the United States could hold the first national strike of railroad workers in 30 years at 16th local time. The strike is expected to have a serious negative impact on the US economy.
Regarding the possible strike on the 16th, the National Railroad Passenger Company has declared on the 14th that it will cancel all long-distance trains starting at the 15th local time. The US government said it has begun developing contingency plans, hoping to use other modes of transportation to ensure delivery of critical supplies in the event of a rail stop. But industry experts say the loss of rail capacity is unlikely to be compensated by other means. The trucking industry in the United States, in particular, is already facing a shortage of drivers.
According to estimates by the Association of American Railroads, a possible strike on the 16th will affect nearly 30% of freight transportation in the United States, disrupt the supply of food and transportation of fuel, and exacerbate inflation in the United States. A series of transportation problems caused by the strike will affect the US energy, agriculture, manufacturing and retail industries, and the economic loss could reach US $ 2 billion per day.
Andrew Wheaton, director of Cornell University’s School of Industrial and Labor Relations: The railroad is estimated to be $ 2 billion a day (loss), which is a huge “hot potato” and no one wants a strike to break a business. already fragile economy. This industry strike could raise the price of food, it could raise the price of fertilizers, and the price of anything carried by rail could rise.
Some analysts have pointed out that the new coronal pneumonia epidemic has caused supply chain disruptions, high inflation, and rising energy costs in the United States. If there is another large-scale strike right now, it is bound to worsen the US economy. The US Chamber of Commerce even warned that the strike could cause a “national economic disaster”.
<!–enpproperty 66354262022-09-15 15:16:04:963
–
