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US rail companies reach initial agreement to stop strike

After all night deliberations, US president Joe Biden announced that a crippling railroad union strike has been avoided. The president says a tentative agreement has been reached to avert disruptions to US supply chains in the run-up to midterm elections. Biden says he was personally calling into the negotiations as late as 9 pm on Wednesday. The result of those negotiations is an initial resolution to allow a 24 per cent wage increase between the years 2020 to 2024. The agreement would see an immediate payout to railway workers. The president called the agreement a “big win for America” and […]

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