America is escaping a rail paralysis


It is estimated that 467,000 semi-trailer trucks would have been needed to transport by road what normally goes by rail. SciencePhotoLibrary

DECRYPTION – Joe Biden intervened to defuse a strike that could block 7,000 daily convoys.

Washington Correspondent

The threat of a paralyzing strike by freight rail transport in the United States was narrowly lifted. The intervention of the White House facilitated the conclusion of a last-minute agreement between the major private freight companies by rail and a dozen unions representing their 115,000 employees.

Negotiations had been dragging on for two years. A strike call this Friday, in the event of a stalemate, promised to seriously disrupt the daily delivery, by 7,000 trains, of around 30% (in terms of weight) of the goods and foodstuffs that drive the American economy. The unions knew they were in a position of strength. The cost of such a strike has been estimated at $2 billion a day, or about 0.1% of GDP. The malfunctions it would have caused would have worsened inflation and penalized many factories throughout the United States in sectors as diverse as chemicals, food or…

This article is for subscribers only. You have 72% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

Already subscribed?
Login



Source link