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.

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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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