US Freight rail strike could cost US economy $1 billion in first week | CNN Business

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A US freight rail strike could cost the US economy $1 billion in the first week of the strike, according to a new analysis

In the first three days alone, US workers and consumers could see potential losses of a quarter billion dollars as a transit strike involving rail is one of the most expensive and disruptive events that can happen to the economy. “Economic impacts caused by a national railroad strike include lost wages for the industry’s workers and production slowdowns due to non-delivery of critical components in some vulnerable industries,” the report from Anderson Economic Group said.

8 million for long-term passenger rail disruption and $25 million in lost railroad industry wages,” the analysis revealed. It does not include indirect effects or losses on other industries or income losses for rail company investors and managers. Second and third day strike losses would increase to $91 billion per day because of lost agricultural goods and food spoilage.

 

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It could have been over but the rail union cared so much about their members that they wanted to wait until after the election.

I'm old enough to remember when Joe Biden took a pre-midterm victory lap over solving this very issue.

Let’s go Brandon

Thank you Brandon

But Joe Biden helped to broker a deal to prevent this.

What clowns, more like 2 billion a day

Give them what they want

Time to nationalize the railways to get them out of the hands of greedy billionaires who treat workers poorly.

Thanks Kamala...thank you

Why isn't showing a photo of the Walmart Shooter...as if we did not know !

That's a huge amount of bones man

Didn’t they just give them a raise?

Unions suck!

Reports of “green gas” —feared to be a chemical nerve gas — being used by the Regime against protesters in Javanrood in Kurdistan. War crimes being committed by the Regime against Iranian citizen. The World cannot be a silent bystander. R2PforIran MahsaAmini

Islamic Republic is using banned chemical weapons against its own citizens. This is the cartridge of a CS gas which was banned in 1993 Chemical Weapons Convention (CWC). R2PforIran

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