U.S. railroads reached a tentative agreement with labor unions on Thursday. The agreement gives rail employees a 24 percent wage hiike over a five-year period and pays $11,000 immediately once it’s adopted. There will be no work stoppage during the vote ratification process. A strike would have challenged supply chains even more. The National Association of Wheat Growers and U.S. Wheat Associates encouraged a quick ratification. President Biden also issued a statement.
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