A freight railroad strike, and the economic upheaval it could cause, is getting closer and closer to reality.
While two more rail unions reached tentative agreements with railroad management on new contracts Tuesday, the two most important unions — representing the engineers and conductors who make up the two-person crews on each train — remain at loggerheads in negotiations. If they don't resolve their differences, the first national rail strike in 30 years could start early Friday.
Looming rail strike could raise gas prices 01:53A strike would be a crippling blow to the US economy, which is still struggling with supply chain problems. Roughly 30% of the nation's freight moves by rail. Among the problems could be:The full economic impact would not be immediate, said Patrick Anderson, of Anderson Economic Group, which does economic impact estimates for work stoppages, although it would likely cost the economy tens of millions of dollars a day at the start.
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