Back to the Drawing Board: Massive rail union strikes down labor contract

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
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Expect business-as-usual for most container exports.
CoBank Lead Grains Economist Tanner Ehmke joins us to share insight and concerns over current grain storage capacity as export demand lags.
As the government shutdown pushes the farm economy closer to the brink, Sens. Grassley and Ernst of Iowa are raising their voices for agriculture.
Plan for a cooler global trade market in 2026 with tighter margins on exports, potential rate shifts, and premiums for reliable deliveries into Asian and African growth markets.