The rail unions say Congress mandating the labor deal without changes to paid sick leave will worsen the supply chain and further alienate rail workers.
"Tomorrow morning we will have a bill on the floor," Pelosi told reporters after the meeting.
Brendan Branon, National Railway Labor Conference chairman, told CNBC the future of collective bargaining is in the hands of Congress and urged that the legislation they pass follow the recommendations of the PEB, a board created by Biden in July to resolve the ongoing dispute between major freight rail carriers and their unions. The board crafts its recommendations under a principle known as pattern bargaining, which is a collective bargaining principle used to promote settlement of disputes.
The railroad industry forecasts that a strike could inflict economic damage of $2 billion per day. Other industry groups have also warned of a direct hit to GDP as well as an increase in inflation. According to the AAR, 40% of cargo based by weight and long distance freight is moved by rail. Ninety-six hours before a strike date, chemicals are no longer transported. According to the American Chemistry Council, railroad industry data shows aof chemical shipments during the week of September 10 when the railroads stopped accepting shipments due to the previous threat.
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