The nation's supply of food could take a hit if railroad workers go on strike, driving up prices at the grocery store and limiting U.S. grain exports to countries facing famine.
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“It would be pretty impactful for the supply chain,” she said. “The backup into ports could reignite acute port congestion that we've seen. The parcel market, like UPS [which relies in part on the rails], you'll have that impacted, as well. There would be a lot of pressure on the truck market.
A potential strike could lead to $2 billion a day in lost economic output, according to the Association of American Railroads, which lobbies on behalf of rail companies. Freight railroads are responsible for carrying 40% of the nation's long-haul freight and a work stoppage could jeopardize these shipments.
A strike would cause $2 billion a day in lost economic output, according to the Association of American Railroads, which lobbies on behalf of rail companies.
Supply SqueezesIf railroad workers went on strike, drayage freight truckers would lack the necessary equipment to handle the supply capacity of a freight train. With less space to transport goods via trucks, it would take longer to move the same amount of product.
Work SchedulesBecause trains operate 24 hours a day, 7 days a week, railroad workers' schedules may vary to include nights, weekends, and holidays. Most work full time, and some work more than 40 hours per week.
Yes, most rail operators will offer compensation if you are affected by the rail strikes, however, it will depend on the type of ticket you have and whether the rail operator runs a compensation scheme, most commonly referred to as a 'Delay repay' scheme.
“At a time of record-breaking profits, that industry can and must guarantee at least seven paid sick days to every rail worker in America,” Sanders said. “In the year 2023, that is not a whole lot to ask.”