SA: The next inflation threat could be a US rail strike

© Jacques Kloppers

SEEKING ALPHA writes:

U.S. freight railroads will reportedly reduce some service after Monday with a new rail union contract still up for negotiation. The reduced service would come ahead of a potential rail strike date of September 17 if talks fail to progress.

While ten of the twelve railroad worker union have struck deals, the holdouts – Brotherhood of Locomotive Engineers and Trainmen and the International Association of Sheet Metal Air, Rail, and Transportation Workers – account for more than 90K rail employees.

Association of American Railroads statement: “While these preparatory actions are necessary, they do not mean a work stoppage is certain. Railroads will continue meeting throughout the weekend with the remaining unions to work toward tentative agreements. The railroads want, and continue to advocate for, a prompt resolution that would provide historic wage increases to rail employees – and allow the railroads to continue servicing customers and prevent further disruption to the struggling supply chain.”

The full post can be read here.