Officials warn of 'economic disaster' if a strike halts the delivery of raw materials and goods:
Suzanne Clark, the head of the U.S. Chamber of Commerce, said Monday that “a national rail strike would be an economic disaster — freezing the flow of goods, emptying shelves, shuttering workplaces and raising prices for families and businesses alike.”
The Association of American Railroads trade group put out a report last week estimating that shutting down the railroads would cost the economy $2 billion a day. The deals that have been announced so far have closely followed the Presidential Emergency Board’s recommendations that called for 24% raises over five years, $5,000 in bonuses and one additional paid leave day a year. But the two biggest unions representing conductors and engineers have been holding out because they want the railroads to go beyond those recommendations and address some of their concerns about strict attendance policies and working conditions.
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