In the early hours of Thursday morning, major US freight railroad companies reached a tentative agreement with unions, narrowly averting a nationwide rail shutdown less than 24 hours before a strike deadline. A work stoppage would have heaped devastating consequences on the nation’s economy and supply chain, nearly 30 percent of which relies on rail. Even a near miss had some impact. Long-distance Amtrak passenger services, which use freight tracks, and hazardous materials shipments are now being restored after railroads suspended them to prevent people or cargo becoming stranded by a strike.
The tentative agreement, to be voted on by union members, came through talks brokered by the Biden administration.
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