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Freight railroad strike avoided with the Senate following the House’s lead on key legislation

On the heels of the U.S. House of Representatives signing off on legislation aiming to quell the impasse between the remaining railroad labor unions that had yet to ratify terms of the tentative agreement outlined by President Biden’s Presidential Emergency Board’s (PEB) tentative agreement, the United States Senate followed suite yesterday, preventing a freight railroad labor strike that, had it occurred, could have cost the nation’s economy upwards of $2 billion per day.

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