Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for a potential national rail strike by seeking alternative transport to keep their supply chains running
Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for aby seeking alternative transport to keep their supply chains running.
“For every day this uncertainty continues, we essentially lose five shipping days because of the ramp down and ramp up,” Corey Rosenbusch, chief executive of The Fertilizer Institute, a Washington-based trade group representing agricultural suppliers, said in a statement calling on Congress to intervene.
Wall Street analysts say any walkout won’t last long because they expect Congress to order rail workers to return to their jobs, as lawmakers have done in earlier strikes.Christian Wetherbee wrote in a research note Wednesday. “That said, we continue to believe any strike/lockout would be very short lived , as we believe Congress would move quickly to legislate the unions back to work.”Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology.
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