The US economy can keep running without freight trains — but not for long. Here’s how the freight rail strike could affect you.
That is why the risk of the first national railroad strike in 30 years is so worrying to economists and businesses.A brief work stoppage — some previous rail strikes have lasted only hours — likely won’t cause much economic disruption. But a prolonged walkout of a week or more will cripple the nation’s still struggling supply chain, cause widespread shutdowns and shortages, and likely further drive up prices even as inflation remains near a 40-year high.
“The gains we’ve made in the last seven to eight months will be reversed largely if this strike happens,” said Terri Moore, spokesperson for the American Farm Bureau Federation. In addition, farmers preparing to plant for the fall season could see shortages of the fertilizer they need, since the railroads have already stopped accepting shipments because they are classified as hazardous materials in many cases. That could hurt future supplies of crops.
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