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Manufacturers expected the strike would "devastate" the economy.

A freight train strike would be "devastating" to the U.S. economy, according to the head of the National Association of Manufacturers.

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Jay Timmons warned that "if this fails and a strike comes, it could be devastating for manufacturers and consumers"

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On Wednesday, unions representing rail personnel voted against an agreement that was supposed to be reached with train carriers.

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According to reports, the unions aim to go through with a strike to demand more concessions from railroads that would improve members' working conditions.

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The Biden administration has been involved in efforts to prevent a strike from occurring, and they have been successful thus far.

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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.

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The railways have already begun reducing risky shipments and expect to cease carrying chilled products by Friday's deadline.

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