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Business


RAIL STRIKE AVERTED WITH HOURS TO GO AS BIDEN TEAM PUSHES DEAL

 * Agreement next goes to union members for ratification vote
 * Breakthrough comes just one day before strike deadline

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US Railroads, Union Avert Strike With Tentative Deal
By

Ryan Beene,

Rebecca Rainey, and

Josh Wingrove

+Follow
September 15, 2022 at 9:26 AM GMTUpdated onSeptember 15, 2022 at 3:27 PM GMT


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IN THIS ARTICLE

0294893Z
BROTHERHOOD OF RAILROAD SIGN
Private Company
UNP
UNION PAC CORP
209.47
USD
-8.89-4.07%
1461895D
SOY TRANSPORTATION COALITION
Private Company
NSC
NORFOLK SOUTHERN
231.22
USD
-7.64-3.20%
Open

Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign
up here, and subscribe to our Covid-19 podcast for the latest news and analysis
on the pandemic.

US railroads and unions reached a tentative deal early Thursday, a breakthrough
that looks to avert a labor disruption that risked adding supply-chain strains
to the world’s largest economy.

After 20 straight hours in the latest round of talks -- which included President
Joe Biden and other administration officials -- the companies and union
negotiators sealed a preliminary agreement balancing the needs of workers,
businesses and the economy, the Labor Department said.




It was a “hard-fought, mutually beneficial deal,” it said in a statement. “Our
rail system is integral to our supply chain, and a disruption would have had
catastrophic impacts on industries, travelers and families across the country.”

The tentative resolution was announced just a day before a Friday deadline that
could have seen rail workers walk off the job or be locked out by the companies,
freezing critical infrastructure that transports about 40% of all long-haul
cargo in the US and threatening a fresh wave of supply chain chaos.




 

The breakthrough was possible after unions secured concessions on a core
concern: under rail companies’ attendance policies, they’ve said employees have
been fired for taking time off, beyond existing paid leave, for illness or
doctor visits. The contract language now exempts time off for some medical
events, the Brotherhood of Locomotive Engineers & Trainmen said in a statement.
The BLET -- which represents about 37,000 workers -- was one of two major unions
that were holding out for a better deal.

The BLET, the International Association of Sheet Metal Air, Rail &
Transportation Workers, and the Brotherhood of Railroad Signalmen have all now
agreed to the tentative pact, according to the National Carriers’ Conference
Committee, which represents national freight railways in bargaining. Together,
the three speak for about 60,000 workers, it said in a statement.



Union Pacific Corp. and Norfolk Southern Corp. said they are working to resume
normal operations after halting some service in anticipation of a work stoppage.
Shares in both companies rose Thursday morning.


UNION VOTE

The agreement still needs the ratification from the unions’ members, but
Thursday’s deal extends by several weeks the so-called cooling-off period,
during which unions may not strike, a person familiar with the agreement said.

Ratification hinges on popular votes from rank-and-file members, who in recent
days have showed a willingness to buck leadership.




Just this week a machinists’ union local rejected an earlier tentative offer
with rail carriers, and a majority of voting members will still need to approve
the new deal. Another union, the Brotherhood of Railway Signalmen, voted Sept.
12 not to send the tentative agreement to membership for ratification. And
leaders of one union told Congress this week that rank-and-file members were
overwhelmingly against an earlier compromise, suggesting members would want
significant changes.

Read More: 
 * Amtrak Halts Long-Haul Trains as Rail-Strike Deadline Draws Near
 * Bid to Avert Rail Strike in Senate Fails as Sanders Blocks Vote
 * Looming US Rail Strike Is Starting to Roil Commodity Markets
 * Strike Threat Triggers Worries From Farms to Train Stations
 * Ending the Railroad Labor Fight: Deal, Strike, Delay or Congress
 * Railways Face ‘Total Shutdown’ Without Union Deal by Deadline
 * Railroad Volume Faces Volatile Period as Risk of Strike Looms

The tentative freight-rail agreements include a 24% wage increase over five
years, 2020 through 2024, including 14.1% effective immediately, as well as five
annual $1,000 payments, the National Carriers’ Conference Committee said. 



Amtrak, which in anticipation of a strike had canceled rail service across most
of the country where it operates on freight lines, said Thursday it would work
quickly to resume normal operations. The cancellations didn’t affect travel
through its major corridor between Boston, New York City and Washington, where
Amtrak owns the rail lines.

Industry groups welcomed the deal, with the National Retail Federation saying in
a statement that a strike during a time of economic uncertainty and hot
inflation would be “further challenging consumer budgets and putting business
resiliency at risk.” 

Soy Transportation Coalition Executive Director Mike Steenhoek said that
“without cost-effective, reliable rail service, so much of what farmers produce
will never connect with our domestic and international customers.”




Aside from the disruption to key freight from corn to cars, the prospect of a
strike was a serious political risk for President Joe Biden, who is vocal in his
pro-union stands but would not want the blame for adding pain to an economy
already beset with soaring inflation and supply-chain snarls.

The president weighed in late Wednesday night as the negotiations were ongoing,
stressing during a call with negotiators the importance of avoiding harm to
families, farmers and businesses, a White House official said.


US FREIGHT BY MODE OF TRANSPORTATION

Share of total ton-miles



Source: Bureau of Transportation Statistics data for 2020



“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 breakthrough to cap day-and-night negotiations came after a Biden-appointed
board last month issued a set of recommendations to resolve the dispute,
including wage increases and better health coverage.

That proposal didn’t include details on scheduling, attendance and other issues
important to the two major unions that held out for a better deal until today. 



— With assistance by Eric Pfanner, Augusta Saraiva, Katia Dmitrieva, Josh
Eidelson, Magan Crane, and Brendan Murray

(Updates with union vote context from eighth paragraph.)




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@ryanbbeene
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IN THIS ARTICLE

0294893Z
BROTHERHOOD OF RAILROAD SIGN
Private Company
UNP
UNION PAC CORP
209.47
USD
-8.89-4.07%
1461895D
SOY TRANSPORTATION COALITION
Private Company
NSC
NORFOLK SOUTHERN
231.22
USD
-7.64-3.20%
Open
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