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WRCR Market Analyst Glad Train Strike Was Averted

September 16, 2022 by Jeff Lewis

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.

Filed Under: News

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