The largest freight union, SMART Transportation Division, comprised of 28,000 workers has rejected the contract agreement brokered by the Biden Administration.
Almost 51 percent voted against the deal.
Another large union, the Brotherhood of Locomotive Engineers and Trainmen, voted to ratify the agreement by 53 percent, according to Reuters.
The agreement gives workers a quarter percent increase in pay over five years, and some changes to the railroads’ strict attendance policies.
There are now four unions that have voted down the agreement. If no agreement is reached by December 8th, the railroads could lock workers out or workers could go on strike.
Story via David Shepardson and Lisa Baertlein with Reuters
Related Stories
As markets anticipate a return to normal trading following the New Year’s holiday, the possibility of the southern border re-opening to cattle is capturing much attention.
Cuba remains a small but dependable, cash-only outlet for U.S. grain and food products.
Expanding cheese exports are strengthening U.S. milk demand and reinforcing global competitiveness.
Strong global demand and falling stocks suggest continued price volatility for U.S. coffee buyers despite record world production.
U.S. dairy producers remain the primary growth engine globally, while tightening supplies in Europe and New Zealand could support export demand for American dairy products.
Record pace corn exports are helping stabilize prices despite softer global grain production and ongoing supply competition.
