Talks between railroads and unions are back on track. The Presidential Emergency Board provided recommendations to help resolve the contract dispute ahead of a Mid-September deadline.
The Executive Director of the Soy Transportation Coalition shared how a potential stalemate could impact agriculture.
“So, the concern that we have is if they don’t come to an agreement, there is a possibility that there could maybe be a slowdown. The most dire would be an entire stoppage all together. But for those of us in agriculture, we’re concerned rail services are currently not very reliable. We need railroads to be improving service right now. We don’t need less predictability of rail service. So, we certainly encourage both parties to come to an agreement,” said Mike Steenhoek.
Steenhoek said the main dispute right now is on wage increases.
Related:
Contract talks between rails and unions are back on track
Strong Warning: There may be a rail strike as soon as September
New rail legislation could give a boost to market competition for U.S. wheat
