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A rail strike looms and impact on economy could be broad

Posted 11/25/22
American consumers and nearly every industry will be affected if freight trains grind to a halt next month.

The likelihood of a strike that would paralyze the nation's rail traffic grew on Monday when the largest of the 12 rail unions, which represents mostly conductors, rejected management's latest offering that included 24 percent raises and $5,000 in bonuses. That raises the risk of a strike, which could start as soon as Dec. 9 under a deadline that was pushed back Tuesday.

With four of the 12 unions that represent half of the 115,000 rail workers holding out for a better deal, it might fall to Congress to impose one to protect the U.S. economy.

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