In a statement, AAP president and CEO Ian Jefferies noted that “the majority of the unions “have approved the largest wage increases in nearly five decades and also paved a path toward greater scheduling predictability” for union members.
“Railroads stand ready to reach new deals…but the window continues to narrow as deadlines rapidly approach,” Jefferies said. “Let’s be clear, if the remaining unions do not accept an agreement, Congress should be prepared to act and avoid a disastrous $2 billion a day hit to our economy.”
NRF president and CEO Matthew Shay said that a nationwide rail strike during the peak holiday season will be “devastating” for American businesses, consumers and the U.S. economy — particularly amid today’s increased prices due to persistent inflation.
“A rail strike will create greater inflationary pressures and will threaten business resiliency,” he said. “Congress must intervene immediately to avoid a rail strike and a catastrophic shutdown of the freight rail system.
Shay added that ‘smooth and stable operations” on the rails is absolutely crucial this holiday season and should not be derailed by a rejection of the contract. “The parties must work out the issues and ratify the contract without a disruption to the system,” he said. “if not, Congress must step in to prevent a strike before the end of the cooling off period on Dec. 8.”