Should a nationwide rail strike happen, the economic losses could total more than $2 billion for each day of a shutdown, according to the Association of American Railroads. (Credit: Luke Sharrett/Bloomberg) Should a nationwide rail strike happen, the economic losses could total more than $2 billion for each day of a shutdown, according to the Association of American Railroads. (Credit: Luke Sharrett/Bloomberg)

The U.S. House of Representatives passed a resolution on Nov. 30, 2022, to ratify a labor agreement between railroad unions and companies. The House’s vote formalized an agreement President Joe Biden made with railroad unions and companies in September that raised wages 24% by 2024.

Among the 12 major rail industry unions, eight had signed onto the agreement with Biden. The other four rail unions said they would strike unless more paid sick leave was included in the agreement. In a separate vote, the House added seven days of paid sick leave to the agreement.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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