Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts.
OMAHA, Neb. — Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts by an early-December deadline that had already been pushed back.
Just about every industry could be affected because so many businesses need railroads to deliver their raw materials and completed products. And there aren’t enough trucks to pick up the slack. It appears increasingly likely that Congress will have to settle the dispute. Lawmakers have the power to impose contract terms if both sides can’t reach an agreement, and hundreds of business groups have urged Congress and President Joe Biden to be ready to intervene.
“The ball is now in the railroads’ court. Let’s see what they do. They can settle this at the bargaining table,” SMART-TD President Jeremy Ferguson said. “But, the railroad executives who constantly complain about government interference and regularly bad-mouth regulators and Congress now want Congress to do the bargaining for them.”The railroads maintain that the deals with the unions should closely follow the recommendations made this summer by a special panel of arbitrators Biden appointed.
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