Call it a win for the economy, as representatives from the rail industry, their unions, and Labor Secretary Marty Walsh were able to avoid a national train strike. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says it’s great that a strike was averted at the eleventh-hour late Wednesday night and announced early Thursday morning, just ahead of today’s deadline…
According to TheHill.com, the Association of American Railroads says trains carry 28 percent of the nation’s freight, and a disruption would’ve cost more than $2 billion each day.