The U.S. Senate on Thursday voted 80-15 in favor of a bill that would prevent a rail strike by imposing a deal on freight-rail workers, after rejecting a separate House-passed Read more
Tag: Union Pacific Corp.
‘A rail shutdown would devastate our economy’: Biden urges Congress to head off potential strike
OMAHA, Neb. — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, following pressure by business Read more
CSX set to boost rail network performance, say analysts
CSX, which delivered a third-quarter earnings beat and robust guidance last week, is well positioned to boost the performance of its rail network, analysts say. The railroad company’s stock rose Read more
Potential railroad strike: Why Amtrak is canceling trains, and everything else you need to know
A possible national railroad strike is looming over the U.S. supply chain and adding to the inflation fears that have roiled markets this week. Major freight railroad operators have already Read more
Dow turns lower after morning gains as Wall Street struggles to recover from worst selloff in two years
U.S. stock indexes traded slightly lower on Wednesday after shedding morning gains, as data showed that costs for wholesale goods and services fell for the second month in a row, Read more