Rail Strike Threat Eases as 10 Unions Adopt Obama Panel Plan
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Unions for more than half of the workers bargaining with the largest U.S. freight railroads have reached agreements, reducing the threat of a walkout that might cost the economy $2 billion a day.
“A strike is unlikely,” said Christian Wetherbee, an analyst at Citigroup Global Markets Inc. in New York. “The more that you get to sign up for an agreement, the more likely that you end up with a resolution” by the deadline.