# Biden signs bill to block U.S. railroad strike

> President Biden signed legislation imposing a rail labor contract and blocking a national rail strike. Analysts said a strike could have frozen nearly 30% of U.S. cargo by weight.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/38250-biden-signs-bill-to-block-u-s-railroad-strike
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Grain and feed-ingredient shipments by rail, including soybean meal and DDGS, would have been disrupted; averting the strike removes a logistics risk that could have widened basis and freight costs.

## Read by commodity

- SBM: neutral
- DDGS: neutral
- BARGE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-12-01 | [Senate passes railroad legislation to prevent strike : NPR](https://feedsoft.ai/events/38252-senate-passes-railroad-legislation-to-prevent-strike-npr.md) | +9.4% | +10.5% |
| SBM | 2019-02-12 | [Antwerp: shipping up already slowed, strong willingness to strike – Flows](https://feedsoft.ai/events/60605-antwerp-shipping-up-already-slowed-strong-willingness-to-strike-flows.md) | +0.2% | -2.2% |
| SBM | 2021-05-21 | [Stranded Grains Ships To Be Towed Free From Rosario](https://feedsoft.ai/events/47130-stranded-grains-ships-to-be-towed-free-from-rosario.md) | -2.1% | -9.6% |
| SBM | 2022-12-02 | [US Senate approves legislation preventing rail strike \| World Grain](https://feedsoft.ai/events/38256-us-senate-approves-legislation-preventing-rail-strike-world-grain.md) | +10.1% | +12.6% |
| SBM | 2020-08-28 | [Argentina: Grains Port Workers Delay Strike](https://feedsoft.ai/events/51435-argentina-grains-port-workers-delay-strike.md) | +3.5% | +14.2% |

## Sources

- reuters.com: https://www.reuters.com/world/us/biden-signs-bill-block-us-railroad-strike-2022-12-02/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.