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
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.

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

Unionized US Apple store votes to authorize strike

Berlin airport workers strike leaving all flights grounded

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

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

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