The possibility of a freight train strike has intensified the pressure on railways and unions to reach an agreement.
A freight train strike would be “devastating” to the U.S. economy, according to the head of the National Association of Manufacturers.
Jay Timmons warned that “if this fails and a strike comes, it could be devastating for manufacturers and consumers”
On Wednesday, unions representing rail personnel voted against an agreement that was supposed to be reached with train carriers.
According to reports, the unions aim to go through with a strike to demand more concessions from railroads that would improve members’ working conditions.
According to the Association of American Railroads (AAR), a strike would cost upwards of $2 billion a day, severely hurting both firms and consumers.
The Biden administration has been involved in efforts to prevent a strike from occurring, and they have been successful thus far.
Timmons issued a warning that there is a “potential calamity” that might take place if a deal is not reached by the deadline on Friday.
On the program “America Reports,” the host quoted him as saying, “We say possibility because there is still time to correct this, but only a few days left.”
“It is imperative that we regain command of the situation, and my proposal represents a workable middle ground.
Concessions are required at these meetings. This is a significant leap in income for those in training. It’s quite a bit.”
Amtrak canceled a number of its long-distance services on Wednesday in preparation for the possibility of an interruption in freight train operations later in the week.
The railroads have already started limiting shipments of dangerous commodities and have announced plans to stop shipping chilled goods before the walkout deadline on Friday.