Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: IOF's top lawyer hands in resignation over leak of Sde Teiman video
Al Mayadeen's correspondent: Israeli drone strike targets motorcycle in Kawnin, South Lebanon.
Hegseth in a meeting with his Chinese counterpart: Washington will continue to defend its interests vigorously
US Defense Secretary Pete Hegseth: The United States is concerned about China's activities in the South China Sea
Occupied Palestine: Israeli occupation forces demolishe residential homes east of Khan Younis city in the southern Gaza Strip
Al Mayadeen correspondent: An Israeli drone attacked the main road in the town of Harouf, South Lebanon.
Lebanese President: Israeli aggression on Blida took place in aftermath of meeting of ceasefire monitoring committee.
Lebanese President Joseph Aoun asks Commander of Lebanese Army to confront any Israeli incursion into liberated Lebanese territory in the South.
Al Mayadeen's correspondent: Israeli aircraft launch series of strikes on area of Jarmaq, South Lebanon.
Reuters: Afghanistan and Pakistan agree to restart peace talks in Istanbul.

US rail workers' strike could cost $1 Bln in first week: CNN

  • By Al Mayadeen English
  • Source: CNN
  • 23 Nov 2022 22:16
3 Min Read

Some crucial industries that are likely to be impacted by such an event include ethanol, retail and agriculture.

  • x
  • US rail workers' strike could cost $1 Bln in first week
    US rail workers' strike could cost $1 Bln in first week

CNN reported on Wednesday that unless a potential freight rail strike due to failed labor negotiations is averted, this could cost the US economy up to $1 billion in the first week of the strike.

According to a new analysis from the Anderson Economic Group (AEG), the initial three days of a possible strike could cost at least $250 million.

"Economic impacts caused by a national railroad strike include lost wages for the industry’s workers and production slowdowns due to non-delivery of critical components in some vulnerable industries," the AEG analysis said as quoted in the report.  

Some crucial industries that are likely to be impacted by such an event include ethanol, retail, and agriculture.

Rail unions have scheduled to begin a strike on December 9 if a deal is not reached on a new contract that will show an increase in rates of pay and benefits.  

The Biden administration has already stated it is directly engaged with parties in the negotiations.

REPORTER: "Can you tell us how the president's been involved" in rail strike discussions?

KJP: "This is the third time I'm saying he's been directly involved...I'm not gonna provide any details at this time." pic.twitter.com/ddT8Ae1SQI

— Townhall.com (@townhallcom) November 22, 2022

Related News

Air Canada flights resume after historic crew strike

Unionized US Apple store votes to authorize strike

Two months ago, the two largest rail unions, SMART Transportation Division and the Brotherhood of Locomotive Engineers and Trainmen, to Washington to negotiate fair work conditions with the railroad companies.

After a series of talks and negotiations with the mediation of Labor Secretary Marty Walsh, parties concluded a deal that the union leaders thought would be unanimously accepted.

The deal offered a 24% raise over a period of 5 years, as well as additional personal days and caps on health care costs.

It also includes changes to some strict attendance policies and provides workers with more freedom to attend to their medical needs without facing penalties. 

Although the deal was described as a win for all sides by President Biden, when it came to voting on the contract, only the Brotherhood of Locomotive Engineers and Trainmen, representing roughly 23,000 workers, voted to ratify the deal with 53.5% of the vote.

But SMART Transportation Division, representing 28,000 conductors, brakemen, yardmen, and others, rejected the agreement, with 50.87% voting no.

"SMART-TD members with their votes have spoken, it's now back to the bargaining table for our operating craft members," said SMART-TD President Jeremy Ferguson in a statement. "This can all be settled through negotiations and without a strike. A settlement would be in the best interests of the workers, the railroads, shippers, and the American people."

Read more: Air France employees threaten strike during Christmas - Reports

  • Unionization
  • railway
  • US economy

Most Read

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Hi-tech holocaust: Microsoft’s role in Gaza genocide

Microsoft's role in world’s first AI-driven genocide, in Gaza, exposed

  • Technology
  • 28 Oct 2025
What Marr evidently didn't seem to understand was that Hedges isn't saying that Western journalists manipulate the truth, but that they systematically amplify Israeli narratives they know are false. (Al Mayadeen English; Illustrated by Batoul Chamas)

Western journalists know they have a case to answer for their betrayal of Gaza, and it frightens them

  • Opinion
  • 24 Oct 2025
Sheikh Naim Qassem speaks during an interview with Al-Manar TV, October 26, 2025 (Screenshot)

Hezbollah ready to face 'Israel' in case of war: Sheikh Naim Qassem

  • Politics
  • 27 Oct 2025

Coverage

All
War on Gaza

Read Next

All
ap
Politics

Hamas calls on int’l community to act against Israeli settlement plan

In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. (AP)
Economy

Ex-US diplomat says Trump-Xi deal 'tactical retreat', not lasting deal

An unarmed Minuteman II intercontinental ballistic missile launches from Vandenberg Air Force Base, California, during a test in 2002. (US Air Force)
Politics

JD Vance defends Trump's nuclear test plan as 'crucial for security'

Ultra-Orthodox Jews attend the "million man" protest against military conscription, in occupied al-Quds, October 30, 2025 (AFP)
Politics

Haredi mass rally in al-Quds exposes Zionist regime's growing crisis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS