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Coal, Lumber and Food Under Threat by Potential US Rail Strike

  • Lumber surges while fertilizer industry prepares for worst
  • ‘Bad news for farmers and food security’: fertilizer executive
   

   

Photographer: Luke Sharrett/Bloomberg

Updated on

Commodities groups are sounding the alarm as a potential railway strike threatens to cripple transportation of vital goods from food and lumber to coal.

Freight railroads and labor unions worked through the weekend to try to avoid a strike that could cost the US economy more than $2 billion a day, though there isn’t much sign of progress ahead of a potential Sept. 17 walkout. A strike would threaten shipments of grains, fertilizer and energy when global food prices are elevated and inflation ripples through economies.