# Freight rail union rejects contract, increasing the possibility of a strike : NPR

> The largest U.S. freight rail union, SMART-TD, voted to reject a five-year contract brokered by the Biden administration. The deal had offered a 24% raise over five years. The two sides return to bargaining, but the possibility of a strike remains.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/38724-freight-rail-union-rejects-contract-increasing-the-possibility-of-a-strike-npr
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Rejection of the deal raises the odds of a national rail stoppage that would strand grain and ethanol shipments. That supports higher barge and freight costs until a settlement is reached.

## Read by commodity

- BARGE: bullish ▲

## Sources

- npr.org: https://www.npr.org/2022/11/21/1138411443/freight-rail-union-rejects-contract-increasing-the-possibility-of-a-strike

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