Posts tagged Kansas City Southern

    Largest U.S. rail labor union votes against contract, raising strike possibility

    November 21, 2022 // Workers at the largest U.S. rail union voted against a tentative contract deal reached in September raising the possibility of a strike in the coming weeks that could cause significant damage to the U.S. economy. Train and engine service members of the transportation division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) narrowly voted to reject the deal, while members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) voted to ratify the agreement and SMART-TD yardmasters voted to ratify their national agreement, the unions said Monday.

    Looming rail strike could impact US economy ahead of holidays

    November 17, 2022 // All 12 rail unions must approve their deals to prevent a strike, although no strike is imminent because all the unions have agreed to keep negotiating even if their members vote no, until a deadline early next month. Seven other unions have ratified the five-year deals that include 24% raises and $5,000 in bonuses. The focus now is on the three unions that have voted down their agreements and the remaining two that haven't finished voting.

    Worry over rail strike prompts businesses to seek White House intervention

    October 28, 2022 // Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the Biden administration and Congress to be ready to intervene. A coalition of 322 business groups from a variety of industries signed off on a letter to President Joe Biden Thursday urging him to make sure the deals he helped broker last month get approved because a railroad strike would have dire consequences for the economy. All 12 rail unions must approve their agreements to prevent a strike next month.