The heads of 13 rail unions and the nation's largest freight rail carriers reached a tentative agreement early Thursday morning, less than 24 hours before workers would have gained the ability to walk off the job.
"Moments ago, following 20 consecutive hours of negotiations at the Department of Labor, rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and our nation's economy," a Labor Department spokesperson said in a statement. "Secretary Walsh and the Biden Administration applaud all parties for reaching this hard-fought, mutually beneficial deal."
It remains to be seen whether workers from the respective labor organizations will ratify the compromise.
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