The threat of a railroad shutdown still looms with contract negotiations no closer to resolve. This month, unions and major railroads pushed the strike deadline back until early December. Still, U.S. cargo shipments for several industries could be in jeopardy over the holidays, and if you’ve seen conflicting headlines, you aren’t alone.
The situation is a complicated one, and here’s why: even though an approved contract recently materialized for a union representing almost 5,000 workers, all 12 rail unions that represent 115,000 workers must do the same in order to avert a strike.
