The Consumer Brands Association, which represents manufacturers of food, beverage, household and personal care products, said, “Failure to reach an agreement by the Sept. 16 deadline will hurt American consumers and reduce access to daily necessities. It undermines potential, affordability and accessibility.” In a letter to Biden last week, he said.
The state of jobs in the United States
Economists have been surprised by recent strength in the labor market as the Federal Reserve (Fed) plots to slow the economy and curb inflation.
and statement of the weekendCorey Rosenbush, president of the Fertilizer Institute, an industry group, said the potential work stoppage would be “bad news for farmers and food security.”
The American Railroad Association, the freight rail industry group, said service disruptions Costs over $2 billion per day In economic production, thousands of trains sit idle, leading to widespread product shortages and job losses. Railroads account for about 28% of U.S. freight traffic, second only to trucks at nearly 40%. according to federal data.
Another industry group, the American Trucking Association, said more than 460,000 additional trucks would be needed each day to carry goods that would otherwise be delivered by rail. A letter last week asking lawmakers to be prepared to interveneAs the trucking industry faces an 80,000 driver shortage, rail disruptions will “wreak havoc on supply chains and increase inflationary pressures across the board,” he said.
In a message on Friday, Steve Bob, chief marketing officer of one of the railroad companies, BNSF, said: urged customers to seek Congressional interventionHis counterpart in Norfolk Southern also repeated the request to customers over the weekend.
Senator Roger Wicker of Mississippi, Republican head of the Commerce, Science and Transportation Commission, said on friday He hoped the strike could be averted, but was ready to act if it didn’t.