The tentative agreement reached tonight is a significant victory for our economy and the American people. It’s a victory for tens of thousands of railroad workers who have worked tirelessly during the pandemic to ensure American families and communities receive deliveries of what has kept us going through these difficult years. These railroad workers will benefit from better wages, better working conditions and peace of mind about their health costs: all hard-earned. The deal is also a win for railroads who will be able to retain and recruit more workers for an industry that will continue to be part of the backbone of the US economy for decades to come.
I thank the unions and the rail companies for negotiating in good faith and reaching an agreement in principle that will keep our vital rail system running and avoid disrupting our economy.
I am grateful for the hard work Secretaries Walsh, Buttigieg and Vilsack and NEC Director Deese have put in to reach this tentative agreement. I especially want to thank Secretary Walsh for his tireless, round-the-clock efforts to win over the hardworking American railroad industry: as a result, we will keep Americans working in every industry in this country. . who are affected by this vital industry.
For the American people, the hard work done to reach this agreement in principle means that our economy can avoid the significant damage that any shutdown would have caused. With unemployment still near record lows and signs of progress in cutting costs, tonight’s agreement allows us to continue to fight for long-term economic growth that finally benefits working families.