Railroad Unions and Companies Reach a Tentative Deal to Avoid a Strike

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The governor, the state’s major ports and anyone who relies on goods shipped by rail (i.e. pretty much everyone) can rest a little bit easier after major rail companies and rail worker unions reached a tentative deal on Thursday.

Inflation can be especially hard to shoulder for poor households because theyRapid inflation typically spells trouble for stocks. Financial assets in general have, while tangible assets like houses have held their value better.

The agreement had an immediate impact. A day after canceling all long-distance passenger trains to avoid stranding people in the event of a freight rail strike, Amtrak said it was “working to quickly restore canceled trains and reaching out to impacted customers to accommodate on first available departures.” Many of Amtrak’s trains run on tracks operated and maintained by freight carriers.

The presidents, Jeremy Ferguson of the transportation division and Dennis Pierce of the engineers and trainmen, also said the deal would freeze workers’ monthly health care contributions when it expired, ensuring those costs would not increase during the next round of contract negotiations.

 

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costing the tax payers yet again

Go union!

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