ABC: Imminent Rail Strike Would Pulverize Fragile US Economy and Supply Chain [1]
Associated Builders and Contractors yesterday released the following statement regarding the devastating effects of a looming rail strike on the already weak U.S. economy and supply chain:
“On Friday, America’s railroad infrastructure will grind to a halt unless cooler heads prevail or Congress takes immediate action to resolve a union contract dispute,” said Kristen Swearingen, ABC vice president of legislative & political affairs. “President Biden’s constant pandering to unions has led us to this moment, where labor unions threaten to freeze our economy.
“Materials prices data [8] released today show that construction input prices are up nearly 17% from a year ago, but that will be dwarfed by the impact of closing down a vital pipeline in our infrastructure,” said Swearingen. “Already, long-distance passenger rail is shutting down, and the economy will suffer a hit estimated at billions of dollars each day, should this nonsense continue. ABC urges Congress to take immediate action to bring about a resolution to this extremely dangerous threat to our economy.”
Authored by Associated Builders and Contractors and originally published on abc.org [9].