The AAR warns that the major railroad strike would take a $2 billion per day toll on the US economy. Approximately 29 percent of all US freight is transported via rail. About half of all railroad freight includes bulk commodities like food, energy, metals, chemicals, and wood products. The other half includes consumer goods and household items. The backlog in shipments will inevitably contribute to higher food and energy costs.
Over three fourths of the freight is transported by just a handful of companies: BNSF, Union Pacific, Class I intermodal traffic, CSX and Norfolk Southern. BNSF Railway is urging its customers to contact Congressional lawmakers so they will “intervene” to “quickly resolve the service disruption.” BNSF is preparing to secure the most important shipments starting Monday, September 19th.
As the cost of energy, food, and housing skyrockets under the Biden administration, working Americans will increasingly look for higher wages. More labor strikes are only inevitable now, as hard-earned money loses its spending power in the hyper-inflated economy. More workers are going to demand salary increases just to pay the rent and survive in a reeling economy that has been irreparably harmed by the useless Biden administration.
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