Railroad strike averted for now — but the future is far from certain ...Middle East

The U.S freight railroad system is in (and has been in) crisis. For example, from November 2018 through December 2020, the railroad industry lost 40,000 jobs. Even more staggering, the railroad industry dropped from more than 1 million workers in the 1950s to less than 150,000 in 2022. Two of the largest railroad companies — BNSF and Union Pacific — reported record profits during the global pandemic due to record demand. For example, NBC News reports that BNSF enjoyed a net income of almost $6 billion in 2021, reflecting a 16 percent profit increase over the previous year. Likewise, Union Pacific rings in at $6.5 billion in net income in 2021, showing a 6 percent profit increase over the

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Railroad strike averted for now — but the future is far from certain ...Middle East

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