How A Potential Rail Strike Could Impact the US Economy

The American supply chains are set to be derailed due to the looming threat of a massive railroad strike in early December. The largest four rail unions have rejected the latest deal with the freight companies, which is leading to a potential rail strike that will cost the US economy approximately $2 billion per day and additionally add to disruptions to passenger rails such as Amtrak. The railroad shutdown will also severely impact the nation’s gasoline supply, coal shipments, medications, ammonia, and other essential supplies. Moreover, with not enough trucking capacity to pick up the slack, nearly every industry such as automotive, chemicals, life sciences, fertilizer manufacturing, and more, will be affected.