The potential for a rail strike is once again a possibility starting November 14th as members from the Brotherhood of Maintenance of Way Employees Division (BMWED) have rejected new labor contracts. These are the same labor contracts that have been in revision since January of 2020. This recent rejection sends both unions and railroads back to the negotiation table in attempts to avoid a supply chain devastating strike. As it stands, four of the 12 unions have ratified the national agreement with railroads. Approximately 60% of BMWED members rejected the new propositions offered by Class I railroads, which included 24% wage increases, $5,000 bonuses, and additional paid time off. If a deal cannot be reached soon, BMWED could go on strike mid-November, during which supply chains are ramping up for seasonal freight in addition to regular freight. As updates are released and published, The Logistix Company will continue to monitor and report on the situation on the railroads.
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