Market Briefs 10/19/2022
A union representing railroad employees who build and maintain tracks said last week its members rejected the tentative contract deal with a committee representing major U.S. freight railroads, Reuters reported.
The Brotherhood of Maintenance of Way Employees, representing more than 11,000 workers, rejected the proposal, saying the railroads didn’t do enough to address lack of time off and working conditions. So far, only four of the 12 unions have ratified the agreement.
Last month, President Joe Biden announced that other unions, including those representing thousands of workers, and the National Carriers’ Conference Committee had...
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