Home Business News Senate Pushes Through Agreement in Railroad Labor Dispute

Senate Pushes Through Agreement in Railroad Labor Dispute

Senate Pushes Through Agreement in Railroad Labor Dispute

In other news, in the face of a potential strike by railroad workers on December 9, the Senate has passed a bipartisan measure to force an agreement between the unions and freight companies. The deal, which passed in an 85-15 vote, solidifies the terms mediated by the White House back in September. While the agreement doesn’t set aside any additional sick days for railroad workers, it does lay out a 24 percent pay raise by 2024 and more flexible scheduling options. 

This swift action by Congress avoids a potentially crippling strike, which was projected to cost the US economy $2 billion per day during the busy holiday season. According to reporting from The Washington Post, Senate Majority Leader Charles E. Schumer warned of the economic consequences of a railroad shutdown before the chamber’s vote on Thursday: “Suppliers and businesses across the nation are going to begin shutting down operations soon if they think a strike is imminent.”

In other news, Tesla officially unveiled its fully electric tractor-trailer yesterday at its Nevada Gigafactory. The event was held in celebration of the company delivering its first semi-truck to Pepsi, which has ordered 100 of the vehicles. The tractor-trailer retails for $160,000 and $180,000 respectively for the 300-and 500-mile versions. 


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