President Joe Biden said Thursday a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.
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Already this week, freight rail companies had halted shipments of hazardous materials, including chlorine to water treatment plants and chemicals for fertilizers, not wanting those goods to be left unattended should a strike be called. Amtrak said in a statement it is working to quickly restore canceled trains and reaching out to impacted customers to accommodate on first available departures.
Yesterday, Amtrak announced that it was canceling all of its long-distance trains starting Thursday due to the threatened strike. The National Carriers' Conference Committee, which represents the nation's freight railroads said:"The tentative agreements announced today follow the August 16 recommendations of Presidential Emergency Board...which include a 24% wage increase during the five-year period from 2020 through 2024 — with a 14.1% wage increase effective immediately — and five annual $1,000 lump sum payments."that workers found overly punitive.
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