Reuters reveals Biden’s emergency board calls for railroad wage hikes to resolve contract talks


Automotive

Reuters exclusively reported that U.S. President Joe Biden’s emergency board, tasked with helping major freight railroads and unions end a contract negotiation stalemate, proposed annual wage increases of between 4% and 7% through 2024. A lockout or strike could send prices for necessities higher and upend battered U.S. supply chains ahead of mid-term elections that will determine whether Biden’s Democratic party holds narrow control of the House of Representatives and Senate.

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Business & FinanceGovernment & Public Services

Regions: North America

Countries: US

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text



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