Economic impact from freight rail strike could total $2b per day

An aerial photograph of locomotives parked in a rail yard.

Rail stakeholders are concerned that a possible strike by some union members due to stalled contract negotiations could result in multibillion dollar economic impacts.

The Association of American Railroads estimates that a nationwide shutdown of rail operations could cost $2 billion in lost economic output each day, according to a report released Thursday. AAR reached its conclusions by updating data from a 1992 Federal Railroad Administration econometric study. 

AAR, which represents freight and...

https://www.freightwaves.com/news/economic-impact-from-freight-rail-strike-could-total-2b-per-day

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