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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEasy access to buyers on online marketplaces feeding the rise in retail theft: RILA CEO Brian DodgeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Dodge, Brian Sullivan, Organizations: CNBC
Pelosi said the House would vote separately on Wednesday on a proposal to give seven days of paid sick leave to railroad employees. There are no paid sick days under the tentative deal after unions asked for 15 and railroads settled on one personal day. "Guaranteeing 7 paid sick days to rail workers would cost the rail industry a grand total of $321 million a year – less than 2% of its profits," Sanders said. The railroads oppose giving their workers paid sick time because they would have to hire more staff. "I can’t in good conscience vote for a bill that doesn’t give rail workers the paid leave they deserve," Representative Jamaal Bowman, a Democrat, said on Twitter.
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.
New York CNN Business —Leading retailers are sounding the alarm about the danger of a national rail strike while simultaneously stressing that a potential work stoppage won’t ruin this holiday shopping season. “Christmas is not canceled,” Brian Dodge, president of the Retail Industry Leaders Association, told CNN in a phone interview on Tuesday. Concerns about a rail strike have mounted after the largest rail union announced Monday its rank-and-file members have rejected the tentative agreement reached in September. A prolonged rail strike could cause product shortages and price spikes as nearly one-third of all freight in the United States moves by rail. “It would utterly upend the supply chain,” Dodge said, adding that concern among retail CEOs is “high” because the risk of a national rail strike is high.
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