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WASHINGTON (AP) — The Biden administration is setting tougher standards for deadly soot pollution, saying that reducing fine particle matter from tailpipes, smokestacks and other industrial sources could prevent thousands of premature deaths a year. Soot pollution has declined sharply in the past two decades, even as the U.S. gross domestic product has increased by more than 50%, Regan said. Bakersfield tied with Visalia in California's San Joaquin Valley as the most polluted city for year-round particle pollution. Wildfires in the western U.S. were a major contributing factor to increased levels of particle pollution, the report said. Six of the 10 cities with the most soot pollution were in California, and two more were in the West: Medford, Oregon and greater Phoenix.

Persons: —, Biden, Michael Regan, Harris, “, Obama, Joe Biden, Regan, we’ve, Manish Bapna, Ben Jealous, Jeffrey Zients, Barack Obama, Donald Trump Organizations: WASHINGTON, Environmental, Environmental Protection Agency, Industry, Biden, Democratic, Administration, Natural Resources Defense Council, EPA, Sierra Club, Republican, Companies, and Paper Association, National Association of Manufacturers, White House, American Lung Association, Visalia Locations: Pennsylvania, Michigan, Wisconsin, Bakersfield , California, Fresno , California, Bakersfield, California's San Joaquin, U.S, California, West, Medford , Oregon, Phoenix

☆ Why banks and consumer groups have become unlikely allies
▼ + stars: | 2024-01-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. JPMorgan chief Jamie Dimon previously noted that this would dampen economic expansion, as banks may pull back on new lending. Separate groups that rely on bank investments have also called for the proposal's revision. The National Association of Manufacturers expressed worry that tighter requirements would mean less capital availability to virtually every industrial sector, especially smaller manufacturers that have few options for financing. Meanwhile, the American Council on Renewable Energy and the Solar Energy Industries Association warned that tighter capital requirements would make it expensive for banks to finance green energy projects through tax equity incentives, slowing the clean energy transition.

Persons: —, Banks, Jamie Dimon, Michelle Bowman Organizations: Service, Business, JPMorgan, National Association of Manufacturers, American Council, Renewable Energy, Solar Energy Industries Association Locations: Basel

☆ Bipartisan tax bill clears key congressional hurdle, teeing up potential House vote
▼ + stars: | 2024-01-19 | by ( Emily Wilkins | ) www.cnbc.com time to read: +3 min

The package released earlier this week was the result of a rare, bipartisan agreement between Republican House Ways and Means Chair Jason Smith (Mo.) To help win more Democratic support, the bill also expands the child tax credit by adjusting it for inflation and allowing Americans who don't have a tax bill to get the credit as a refund, among other changes. In addition to Friday's committee vote, the White House also came out in support of the legislation. In the end, Blumenauer said he would "reluctantly" vote for the bill, but wanted to see the child tax credit expanded further. House Speaker Mike Johnson had yet to confirm when, or even if, he would bring the bill to the House floor for a vote.

Persons: WASHINGTON, Jason Smith, Ron Wyden, Karine Jean, Pierre, Earl Blumenauer, Blumenauer, Mike Johnson, Smith, Wyden Organizations: Business, of Commerce, National Association of Manufacturers, Republican, Democratic, White, Oregon Democrat Locations: Taiwan, Mo, Oregon

☆ The Biden administration bet big on industrial policies. Experts warn it may not pay off
▼ + stars: | 2023-09-25 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

With the introduction of new laws, such as the CHIPS and Science Act and the Inflation Reduction Act of 2022, the Biden administration has been betting big on industrial policies to bring manufacturers back to the United States. This isn't the first time the U.S. government has spent tax dollars to guide industrial policy. If successful, industrial policies can potentially lead to big payoffs. "An example would be the development of mRNA vaccines for Covid," said Ed Gresser, vice president and director for trade and global markets at the Progressive Policy Institute. And that simply is a deterrent for investment and job creation here in the U.S."Watch the video to learn more about how industrial policies are affecting the manufacturing sector in the United States.

Persons: Biden, Scott Lincicome, Ed Gresser, Linicicome, Lincicome, Jay Timmons Organizations: Cato Institute, Progressive Policy Institute, National Association of Manufacturers, U.S . Locations: United States, Washington, U.S

☆ What industry experts, leaders say about the autoworkers' strike
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +7 min

SAM FIORANI, PRODUCTION FORECASTER AT AUTO FORECAST SOLUTIONS:"This is more of a symbolic strike than an actual damaging one ... DEMOCRATIC U.S. REPRESENTATIVE ELISSA SLOTKIN OF MICHIGAN:"I'm looking forward to joining our auto workers on the picket line this weekend. DONALD TRUMP, FORMER U.S. PRESIDENT:"The all Electric (car) is a disaster for both the United Auto Workers and the American Consumer. The targeted strike is intended to give UAW flexibility strike fund duration." SUZANNE CLARK, CEO OF US CHAMBER OF COMMERCE"The UAW strike and indeed the 'summer of strikes' is the natural result of the Biden administration's 'whole of government' approach to promoting unionization at all costs."

Persons: MARY BARRA, who's, we've, Shawn, Fain, DAN IVES, KOJI ENDO, LEE JAE, ARTHUR WHEATON, It's, ELISSA SLOTKIN, JAY TIMMONS, MONICA BOSIO, Stellantis, MARTINO, AMBROGGI, DONALD TRUMP, CHRIS MCNALLY, COLIN LANGAN, AT WELLS, PATRICK ANDERSON, JOHN MURPHY, Ford, ROBERT STREDA, DBRS, SUZANNE CLARK, Biden, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Heekyong Yang, Daniel Leussink, Giulio Piovaccari, Mehr Bedi, Medha Singh, Anne Marie Roantree, Jamie Freed, Savio D'Souza, Arun Koyyur Organizations: United Auto Workers, UAW, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, CNBC, GM, SBI, EUGENE, South, CORNELL SCHOOL, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, American Consumer, ISI, AT, Detroit, Thomson Locations: Chevrolet Colorado, Detroit, United States, ELISSA SLOTKIN OF MICHIGAN, China, Washington, San Francisco, Seoul, Tokyo, Milan, Bengaluru

☆ What people are saying about the US auto worker strike
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Sept 15 (Reuters) - The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI) on Friday, kicking off the most ambitious U.S. industrial labor action in decades. "I’m looking forward to joining our auto workers on the picket line this weekend. For the sake of Michigan’s economy and our working families, I hope this strike is short-lived. "American families are already feeling economic pressures from near-record-high inflation, and this will only inflict more pain. We urge a swift resolution to end this strike and avoid further undermining the strength of our industry and harming our broader economy."

Persons: ELISSA SLOTKIN, we’ve, ” JAY TIMMONS, DEBBIE STABENOW OF, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Anne Marie Roantree, Jamie Freed Organizations: United Auto Workers, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, UAW, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, ”, Thomson Locations: Chevrolet Colorado, ELISSA SLOTKIN OF MICHIGAN, China, Detroit, DEBBIE STABENOW OF MICHIGAN, Washington, San Francisco

☆ We are very concerned about the onslaught of regulations in the U.S., says NAM CEO Jay Timmons
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are very concerned about the onslaught of regulations in the U.S., says NAM CEO Jay TimmonsJay Timmons, National Association of Manufacturers president and CEO, joins 'Squawk Box' to discuss the state of U.S. manufacturing, the impact of regulations on the cost of doing business in the U.S., and more.

Persons: Jay Timmons Jay Timmons Organizations: National Association of Manufacturers Locations: U.S

☆ House Republicans target proxy advisors in latest hearing picking apart ESG investing
▼ + stars: | 2023-07-13 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — A Republican-led House Financial Services subcommittee held a second hearing Thursday scrutinizing the Biden administration's environmental, social and governance disclosure proposals for public U.S. companies. The hearing zeroed in on the influence of proxy advisors on shareholder voting decisions on questions related to ESG investing. Republicans pushed back against what they called the prioritization of ESG shareholder resolutions, while Democrats say shareholders deserve to be informed of all possible risks to their investments. The hearing was the second of six scheduled this month on ESG investing by House Republicans. The GOP's push against policies designed to promote ESG investing has garnered the support of some of the largest business advocacy groups, such as the Business Roundtable and the National Association of Manufacturers.

Persons: WASHINGTON —, Ann Wagner, Glass Lewis, Wagner, Gary Gensler, Trump, Chris Netram, — rescinding, Netram Organizations: Republican, Financial Services, Biden, Capital Markets, House Republicans, GOP, SEC, Securities, Exchange, Business, National Association of Manufacturers, NAM Locations: Bonn, Germany

☆ US factories are booming, but finding workers is still a struggle
▼ + stars: | 2023-07-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Despite that huge jump in manufacturing construction, employment in the sector has been stagnant over the last year, suggesting filling the new factories with workers could be difficult. Notably, other advanced economies have not experienced such surges in manufacturing construction, according to the Treasury Department. Since President Joe Biden took office, around 800,000 manufacturing jobs were added, or a 6.5% growth rate. This year has seen manufacturing employment remain especially stagnant, growing by just around 4,000 employees since January. Though many of the 1.4 million manufacturing jobs lost at the beginning of the pandemic have been recovered, many economists are worried all these new factories across the country could struggle to find enough workers.

Persons: hasn't, Joe Biden, Tony Schmitz, Kendra Blacksher, industrials Organizations: Service, Census, Infrastructure Investment, Jobs, Treasury Department, Manufacturing, National Association of Manufacturers, . Manufacturers, Fortune , University of Tennessee, The American Society of Mechanical Engineers, Bloomberg, RSM Locations: Wall, Silicon, China, Tennessee, American

☆ Major business group slams disclosure rules as House Republicans probe ESG investing
▼ + stars: | 2023-07-10 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON – As Republicans in the House dig in to investigate environmental, social and governance, or ESG, investing, a major industry group that represents thousands of companies is urging them to make reforms. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif. The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. ESG investing has become a heated policy battleground. Progressive Democratic lawmakers have pushed back, arguing that considering ESG makes investors more aware of potential risks and opportunities.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, McHenry, ESG Organizations: Financial, Consumers, Investors, American, WASHINGTON –, National Association of Manufacturers, Financial Services Committee, SEC, CNBC, NAM, Johnson, Exxon Mobil, Pfizer, Progressive Democratic Locations: Washington , U.S, R

☆ Biden Acting Labor Secretary Julie Su engaged in tense West Coast port contract negotiations
▼ + stars: | 2023-06-12 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Julie Su testifies before a Senate Health, Education, Labor and Pensions Committee hearing on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. President Biden's Acting Labor Secretary Julie Su is in current communication with labor and port management representatives in an effort to help broker a deal at a time of rising tensions at ports up and down the West Coast. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March. She was previously confirmed by the Senate to serve as the deputy secretary of labor on July 13, 2021. It estimated a more widespread strike along the West Coast could cost approximately $1 billion per day.

Persons: Julie Su, Biden's, Su, Su's, Biden, Marty Walsh, Suzanne Clark, Paul Brashier Organizations: Health, Education, Labor, Capitol, California Labor, Workforce Development Agency, Warehouse Union, Pacific Maritime Association, The Department, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, National Retail Federation, National Association of Manufacturers, . Chamber of Commerce, U.S . Chamber of Commerce, ILWU, Canadian, Logistics, ITS Logistics Locations: Washington , U.S, West, West Coast, Los Angeles, Long, U.S, ILWU Canada, Canadian West Coast, Panama, East

☆ Global manufacturing is sputtering
▼ + stars: | 2023-06-11 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

S&P Global data showed that the US manufacturing sector fell into contraction territory in May. Business conditions in China’s manufacturing industry, the largest in the world, improved in May, according to the Caixin manufacturing Purchasing Managers’ Index. Globally, manufacturers’ optimism fell to its lowest level since December, according to the JPMorgan Global Manufacturing PMI. The possibility of China reinvigorating global economic growth is slipping. That could eventually lead to global manufacturers trimming their workforces if demand for goods continues to weaken and their backlogs shrink further.

Persons: ”, Ariane Curtis, “ We’ve, Tom Garretson, Jerome Powell, hasn’t, won’t bode, Liu Young, Monish Patolawala Organizations: DC CNN — Manufacturers, Factories, P, Institute for Supply Management, Commerce Department, JPMorgan Global Manufacturing PMI, Capital Economics, International Monetary Fund, RBC Wealth Management, Credit Suisse, UBS, The Federal Reserve, European Central Bank, Fed, Apple, 3M, National Association of Manufacturers Locations: Washington, United States, Ireland, China, Europe, Germany, Europe’s

☆ The US is building factories at a wildly fast rate
▼ + stars: | 2023-06-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

New data from the Census Bureau reveals construction spending by US manufacturers more than doubled from last year. According to data from the Census Bureau released last week, construction spending by US manufacturers more than doubled over the past year. The IRA has sought to create new jobs in manufacturing, construction, and renewable energy, estimated to create up to 1.5 million jobs by 2030. Construction spending in most areas of the US economy has fallen in contrast, including office, health care, and educational construction. Census Bureau data reveals manufacturing construction spending has escalated from January 2020 until April 2023 in every region except New England and the Mid Atlantic.

Organizations: Service, Census, World Bank, of Labor, National Association of Manufacturers, National Environmental Locations: China, Asia, New England, India, Thailand, Vietnam

☆ Corporate America celebrates debt ceiling deal and urges Congress to quickly pass legislation
▼ + stars: | 2023-05-29 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Leading business groups are praising President Joe Biden and House Speaker Kevin McCarthy for forging a bipartisan agreement to raise the debt ceiling, and they are calling for Congress to pass the legislation before the government suffers a devastating default. “With the US at risk of defaulting in less than 10 days, there is no time to spare. The gravity of this moment cannot be overstated,” said Clark, who added the Chamber will consider this a “key vote” for lawmakers. The National Association of Manufacturers, the largest manufacturing trade group in the nation, congratulated Biden, McCarthy and their lawmakers for reaching an agreement. Party leaders in Washington are working furiously Monday to convince holdouts to back the compromise legislation that would avert default.

☆ Here’s what the SEC will require under its strict new stock buyback disclosure rules
▼ + stars: | 2023-05-05 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +5 min

The new disclosure rules will begin to apply when U.S. corporations report earnings for the fourth quarter of 2023, and to foreign issuers on a slightly longer timeline. The new rules "will increase the transparency and integrity" of corporate stock repurchasing overall, and allow investors "to better assess issuer buyback programs," SEC Chairman Gary Gensler said in a statement about the updated disclosures. The changes approved Wednesday represent a softening of the SEC's initial proposed disclosure rules, which would have required public companies to report trades by corporate insiders on a daily basis. Public interest groups, many of which have become increasingly critical of widespread corporate buybacks, applauded the new rules. On Capitol Hill, bipartisan support for stricter buyback disclosure rules has been apparent since the start of the SEC's rulemaking process, more than a year ago.

☆ Supreme Court deals blow to oil companies by turning away climate cases
▼ + stars: | 2023-04-24 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Supreme Court on Monday allowed lawsuits brought by municipalities seeking to hold energy companies accountable for climate change to move forward in a loss for business interests. The relatively narrow legal issue is whether the lawsuits should be heard in state court instead of federal court. Litigants care because of the widely held view that plaintiffs have a better chance of winning damage awards in state court. The municipalities' lawsuits say they have been harmed by the affects of climate change caused by carbon emissions that the oil companies are heavily responsible for. In an earlier case, the Supreme Court in 2021 ruled in favor of oil companies on a procedural issue in a similar lawsuit brought by the city of Baltimore.

☆ On the Edge: The Sustainability of American Innovation
▼ + stars: | 2022-12-06 | by ( Eamon Javers | ) www.cnbc.com time to read: +1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOn the Edge: The Sustainability of American InnovationDespite a prevailing narrative that both Democrats and Republicans have been unfriendly to big businesses over the past 2 years, American corporations have plenty of reasons to be pleased with the 117th Congress. The CHIPs act opens the door for more U.S. based semiconductor production, while the bipartisan infrastructure bill not only pays to fix and replace aging roads and bridges, but also allocates funding for new research and development. In this panel, we discuss how the business community and its representatives in Washington will continue to promote innovation and fair competition in the next Congress, while navigating the choppy political waters on both sides of the aisle. CNBC's Eamon Javers speaks with Jay Timmons, National Association of Manufacturers President & CEO at the 2022 CNBC CFO Council Summit on November 30, 2022.

☆ Stolen checks, fraudulent activity: three major trade association PACs fell victim to theft in what's become a political epidemic
▼ + stars: | 2022-11-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +6 min

An Insider review of FEC filings shows that the National Association of Manufacturers' PAC reported eight instances of stolen and fraudulent checks and bank transfers, amounting to more than $10,000 in losses. Federal Election CommissionAnother trade association, the National Association of Home Builders, reported three instances of "fraudulent debit" during the 2021-2022 election cycle, amounting to more than $20,000 in lost funds. A filing with the FEC from the PAC of the National Association of Home Builders that details money lost from fraudulent disbursements. Federal Election CommissionThe National Association of Home Builders represents more than 140,000 members who construct close to 80% of all the new homes built in the US, per the association's website. The National Association of Home Builders did not respond to Insider's request for comment.

☆ 400 groups urge U.S. lawmakers to take 'immediate steps' to block potential rail strike
▼ + stars: | 2022-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

"The risks to our nation’s economy and communities simply make a national rail strike unacceptable," says the letter to congressional leaders seen by Reuters. "Therefore, absent a voluntary agreement, we call on you to take immediate steps to prevent a national rail strike and the certain economic destruction that would follow." It warned a strike could halt passenger railroad Amtrak and commuter rail services that "would disrupt up to 7 million travelers a day." If they do not, workers could strike or railroads could lock out employees - unless Congress intervenes. But railroads would halt hazardous materials shipments at least four days ahead of a strike deadline.

☆ Biden asks Congress to avert rail strike, warning of dire economic impact
▼ + stars: | 2022-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 28 (Reuters) - U.S. President Joe Biden on Monday called on Congress to intervene to avert a potential rail strike that could occur as early as Dec. 9, warning of the potential dire economic impact. Biden asked lawmakers to adopt the tentative deal announced in September "without any modifications or delay - to avert a potentially crippling national rail shutdown." "The risks to our nation’s economy and communities simply make a national rail strike unacceptable," says the letter to congressional leaders first reported by Reuters. "Therefore, absent a voluntary agreement, we call on you to take immediate steps to prevent a national rail strike and the certain economic destruction that would follow." If they do not, workers could strike or railroads could lock out employees - unless Congress intervenes.

And a freight rail strike could cost the US economy $1 billion in its first week alone, according to a new analysis from the Anderson Economic Group. But that’s nothing compared to what would happen with a prolonged rail strike. CommutingOnly the nation’s freight rail lines face a pending strike, but commuters would likely be affected, too. Many commuter trains travel on tracks maintained and operated by the freight railroads and passenger railroads expect they’ll have to shut down their operations once the freight strike starts. Many commuter railroads also move over freight rail lines and could not operate if a strike was called.

☆ Biden says his administration is engaged in talks to avert railroad strike
▼ + stars: | 2022-11-24 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

On Monday, workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike. read moreLabor unions have criticized the railroads' sick leave and attendance policies and the lack of paid sick days for short-term illness. There are no paid sick days under the tentative deal. Unions asked for 15 paid sick days and the railroads settled on one personal day. The Biden administration helped avert a service cutoff by hosting last-minute contract talks in September that led to the tentative contract deal.

☆ Biden says his administration engaged in talks to avert railroad strike
▼ + stars: | 2022-11-24 | by ( Nandita Bose | ) www.reuters.com time to read: +1 min

NANTUCKET, Mass., Nov 24 (Reuters) - President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down supply chains across the country but added that he has not directly engaged on the matter yet. Speaking to reporters outside a fire station on Nantucket Island, Massachusetts, Biden declined to provide details on how the talks were going because it was "the middle of negotiations." "My team has been in touch with all the parties ... and I have not directly engaged yet," Biden said. More than 300 groups, including the National Retail Federation and the National Association of Manufacturers, urged Biden last month to get involved to help avoid a strike that could have a significant impact on the U.S. economy. read moreReporting by Nandita Bose; Writing by Humeyra Pamuk; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Key freight rail union BMWED extends deadline for strike that threatens U.S. economy
▼ + stars: | 2022-11-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The Brotherhood of Maintenance of Way Employees Division, the third largest rail union in the country, is extending its status quo period (no strike, no lockout) during which it wants to continue negotiations with the freight rail carriers. Meanwhile, two major rail unions are set to vote on ratifying the deal on Nov. 21: The Brotherhood of Locomotive Engineers and Trainmen, and the Smart Transportation Division. The rail industry has previously estimated the cost to the economy of a rail strike at $2 billion per day. The BMWED was the first rail union to vote against ratification of a labor agreement negotiated in conjunction with Biden's PEB. All 12 labor unions must ratify a labor agreement to avoid the potential for a nationwide rail shutdown.

☆ U.S. rail union representing 4,900 workers narrowly approves contract
▼ + stars: | 2022-11-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 5 (Reuters) - A labor union representing about 4,900 rail workers said on Saturday that members narrowly ratified a tentative contract agreement with freight railroads in the United States. The union representing locomotive machinists, roadway mechanics, and facility maintenance personnel is the seventh of 12 to approve the deal, while two unions previously voted to reject the national deal announced in mid-September. Last month, the Brotherhood of Railroad Signalmen (BRS) union, representing more than 6,000 members, voted against the deal as did the Brotherhood of Maintenance of Way Employees (BMWED), which represents 11,000 workers. The rail deal included a 24% percent wage increase over a five-year period from 2020 through 2024 as well $1,000 lump sum payments in each of the next five years. The unions represent 115,000 workers at railroads including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N) and Kansas City Southern .

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