U.S. Bill Prevents Rail Strike

Canadian businesses should be relieved that there will not be a U.S. rail strike after all. The U.S. Senate as passed H.J. Res. 100, a bill to provide a resolution to the disputes. “A nationwide rail strike at this juncture would have had devastating consequences for our economy and exacerbated inflation for American families,” says Matthew Shay, president and chief executive officer of the U.S.-based National Retail Federation (NRF). “The freight and commuter rail systems are essential partners to America’s retailers, moving goods throughout the country every day.” The Association of American Railroads estimated that the strike would have cost the U.S. economy $2 billion per day. It would also have had a large impact on Canadian businesses.