BACK ON TRACK

Devastating Freight Railroad Strike Avoided After Deal Reached, Biden Says

The tentative labor agreement “will keep our critical rail system working,” the president said.

President Biden said early Thursday that a tentative agreement had been reached with freight railroads and unions that will stop a potentially ruinous strike action from going ahead. He claimed the deal “will keep our critical rail system working and avoid disruption of our economy.” Officials in the Biden administration had been desperately trying to find a way to avert a shutdown by unionized railroad workers that threatened to spark transportation and supply-chain chaos. “These rail workers will get better pay, improved working conditions, and peace of mind around their health care costs: All hard-earned,” Biden said in a statement. “The agreement is also a victory for railway companies who will be able to retain and recruit more workers for an industry that will continue to be part of the backbone of the American economy for decades to come.”