Texas agriculture and petroleum industries, among others, could face major transportation backlogs if a new contract is not reached by railroad companies and two major unions by Thursday night.
The Union Pacific Englewood rail yard in Houston. Rail workers have threatened a national strike to begin Thursday night, which could have far-reaching impacts in Texas., our daily newsletter that keeps readers up to speed on the most essential Texas news.
The Biden administration is urging the two sides to compromise as the deadline for resolving quickly approaches: At 11:01 p.m. Central time Thursday, a federally mandated 30-day “cooling off” period ends. “Over half of rail freight is bulk goods such as agricultural or petroleum products, clearly important Texas industries,” said Ray Perryman, an economist based in Waco. “A rail strike at this time would be another blow to an already weakened supply chain.”
Pedro Reyes, a professor of supply chain management at Baylor University, said no matter what happens, motorists could see gas prices increase as a result of the dispute because petroleum products are often transported via railroad. If the parties don’t come to an agreement, the work stoppage would be the first railroad strike in decades.
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