An overnight deal has averted a national rail strike, the White House announced early this morning.
The tentative agreement provides 24 percent pay increases over five years from 2020 through 2024. That includes immediate payouts of $11,000 upon signing the deal.
President Biden calls it a win for tens of thousands of rail workers.
National Grain and Feed Association’s Mike Fisher spoke with RFD-TV’s own Janet Adkison about what the agreement means for the industry, the timing with harvest looming, and what additional ripple effects could a rail slowdown have had for the ag sector.
For more information, click HERE.
National Cattlemen’s Beef Association’s Allison Rivera spoke with RFD-TV’s Janet Adkison about the value of the rail system for the livestock industry and what impact a shutdown could have had on the industry.
For more information, click HERE.
The Fertilizer Institute’s President and CEO, Corey Rosenbusch spoke with RFD-TV’s own Janet Adkison about what the resolution means for the industry, how a shutdown would have affected the fertilizer industry, the value of transportation to the fertilizer supply.
For more information, click HERE.
Related:
Rail strike potential is grabbing the attention of Congress; unions & railroads are negotiating
