A new labor agreement between U.S. freight railroads and the railroad unions may not appear anytime soon, both sides hinted late Tuesday following a federal regulator’s decision to halt mediation efforts.
Freight railroads, including the Class I railroads, and the railroad unions have been embroiled in disagreements over a contract since January 2020, with the National Mediation Board (NMB) stepping in earlier this year to mediate. The NMB is an independent federal agency that mediates labor...