US Freight rail strike could cost US economy $1 billion in first week | CNN Business

In the first three days alone, US workers and consumers could see potential losses of a quarter billion dollars as a transit strike involving rail is one of the most expensive and disruptive events that can happen to the economy. “Economic impacts caused by a national railroad strike include lost wages for the industry’s workers and production slowdowns due to non-delivery of critical components in some vulnerable industries,” the report from Anderson Economic Group said.

8 million for long-term passenger rail disruption and $25 million in lost railroad industry wages,” the analysis revealed. It does not include indirect effects or losses on other industries or income losses for rail company investors and managers. Second and third day strike losses would increase to $91 billion per day because of lost agricultural goods and food spoilage.

Flag

It could have been over but the rail union cared so much about their members that they wanted to wait until after the election.

I'm old enough to remember when Joe Biden took a pre-midterm victory lap over solving this very issue.

Let’s go Brandon

Thank you Brandon

But Joe Biden helped to broker a deal to prevent this.

What clowns, more like 2 billion a day

Give them what they want

Time to nationalize the railways to get them out of the hands of greedy billionaires who treat workers poorly.

Thanks Kamala...thank you

Why isn't showing a photo of the Walmart Shooter...as if we did not know !

That's a huge amount of bones man

Didn’t they just give them a raise?

Unions suck!

Reports of “green gas” —feared to be a chemical nerve gas — being used by the Regime against protesters in Javanrood in Kurdistan. War crimes being committed by the Regime against Iranian citizen. The World cannot be a silent bystander. R2PforIran MahsaAmini

Islamic Republic is using banned chemical weapons against its own citizens. This is the cartridge of a CS gas which was banned in 1993 Chemical Weapons Convention (CWC). R2PforIran

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: CNN joins Ukrainian recon team as they relive weeks of fear before liberating Kherson | CNNCNN joins a Ukrainian reconnaissance unit as they review the weeks leading up to liberating Kherson from Russia. CNN's Sam Kiley reports. Great work, Kiley! kileycnn It’s no liberation for the people living there. I feel sorry for them. kileycnn Russia knew what she was doing and the Comedian and his comrades celebrated it as a win
Source: CNN - 🏆 4. / 95 Read more »

First on CNN: White House kicking off six-week Covid-19 booster push | CNN PoliticsThe Biden administration is launching a critical, six-week push aimed at stepping up Americans’ Covid-19 booster vaccinations heading into the holiday season. Hard pass DiedSuddenlydocumentary
Source: CNN - 🏆 4. / 95 Read more »

Watch: CNN analysts break down what could be revealed in Trump's tax returns | CNN PoliticsCNN legal analyst Norm Eisen and CNN senior law enforcement analyst and former FBI Deputy Director Andrew McCabe break down the implications of the Supreme Court ruling that cleared the way for Congress to obtain former President Donald Trump's tax returns. NormEisen wolfblitzer Of all the things happening right now, you continuously choose to cover trump? 🤦‍♂️ NormEisen wolfblitzer Unlikely this will actually happen, as Congress is now Republican wolfblitzer NormEisen We are watching ~ 👉 Finding Your Roots 🥰
Source: CNN - 🏆 4. / 95 Read more »

Watch: Father and siblings of Idaho victim speak to CNN about investigation - CNN VideoThe father and siblings of Kaylee Goncalves, one of the four University of Idaho students found dead in an off-campus residence, spoke with CNN's jimsciutto about the ongoing investigation into the killings. Watch:
Source: CNN - 🏆 4. / 95 Read more »

Russia threatens to cut supply of gas through Ukraine | CNN BusinessEurope is bracing itself for further cuts to its supply of Russian natural gas as Moscow threatens to slash flows to Moldova, a country on Ukraine’s southwestern border. 6-10x energy costs in Germany, who laughed in Trump's face when he predicted this. I hope they're all fired. PLUS Ukraine would've never happened if Trump was POTUS so ALL the lives lost- amd all the oil amd money is the cost of the liberal New world order. Very expensive Time to have Ukraine join NATO then invade Russia and take the oil fields an natural gas. According to all international protocols, the use of hexachloroethane AKA 'nerve gas ' in Javanroud is a clear example of a war crime, crime against humanity & genocide! As a citizen of Iran, we request the international community to use the R2P law.
Source: CNN - 🏆 4. / 95 Read more »

The surprising reason why Ocean Spray cranberry sauce labels are upside-down | CNN BusinessObservant consumers have noticed that the Ocean Spray labels on jellied cranberry sauce cans are flipped, meaning the rounded edge that's typically on the bottom of most canned goods is on top of Ocean Spray cranberry sauce cans. Here's why. I feel like I read this same story last year. There are reports of the terrorist Islamic Regime using HEXACHLOROETHANE;a nerve agent that disrupts the central nervous system .It is being used on unarmed people of javanrud.It is hard evidence of crimes against humanity.we request of immediate R2P by the the world R2PforIran Damn that Trump!!
Source: CNN - 🏆 4. / 95 Read more »