SMU Economics Professor Mike Davis said Wednesday that it's hard to measure a dollar amount, but that if there's a railroad strike, it could impact the supply chain for consumer goods among other items.
"The other thing that rail is hugely important for are bulk goods, chemicals, building materials and so forth, stuff we don't even think about, but if that stuff doesn't get delivered, factories can't operate."The Association of American Railroads says if there is a strike, nearly 470,000 additional trucks would be needed each day to transport everything trains deliver.Davis said tanker cars are used to deliver chemicals and fuel.
In a separate bill, House Democrats passed a bill that would provide the rail unions additional sick leave. As of Wednesday evening, a vote in the Senate hadn't been scheduled by Majority Leader Chuck Schumer, D-New York.Coffman said the contract agreement should be left up to rail unions and companies."I say let them work it out. Maybe faith in the process that overrides government intervention. Eventually, the issue does get resolved. So I guess then it turns into a question of how much pain do we endure in the process.
Miller disagreed."If the bill passes, that's good. Congress needs to step up, take charge, and get some things done and work together."
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