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Members of the Brotherhood of Maintenance of Way Employes Division (BMWED) rejected a labor contract with the freight railroads on Monday, sending the two sides back to the bargaining table and resetting the countdown to a potential work stoppage.
More than 56% of BMWED membership voted against ratification of the tentative national agreement reached with the Class I freight railroads on Sept. 11. The deal included a 24% wage increase, $5,000 bonuses and an additional paid day off.
BMWED...
https://www.freightwaves.com/news/rail-workers-union-rejects-labor-contract
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The Virginian Railway was a fairly small railroad (its main line was less than 500 miles), but it was built to extremely high standards and it “operated with precision-like efficiency” hauling coal as a competitor to the much larger Norfolk & Western Railway (N&W).
If a nationwide rail shutdown comes to fruition this week as some experts anticipate, it could have disastrous consequences for both passengers and freight across the United States.
Should union and rail representatives fail to reach a labor agreement by Friday, it would be the first time in 30 years that a full-scale rail strike took place. A total shutdown of the nation’s railroads could cost the U.S. $2 billion in lost economic output every day.
Suffice it to say that if a strike goes into...
https://www.freightwaves.com/news/heres-what-you-need-to-know-about-a-potential-rail-shutdown