Member Alert Rail unions extend “cooling off” period

Nov 09, 2022


Member Alert
Rail unions extend “cooling off” period


Rail labor unions and railroads have agreed to extend the “cooling off” (or “status quo”) period in their contract negotiations, eliminating the threat of a freight rail service shutdown next week.

Both rail labor unions that have voted to reject the tentative contract agreement proposed in September extended their “status quo” period to Dec. 4, pushing the potential for a rail strike until Dec. 5 at the earliest. Brotherhood of Maintenance of Way Employees Division (BMWED) and Brotherhood of Railroad Signalmen (BRS) announced the extension earlier today. 

The current “cooling off” period, which had been set to expire on Nov. 19, may be further extended to maintain alignment with other labor organizations. The two largest unions, Brotherhood of Locomotive Engineers & Trainmen (BLET) and International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Div. (SMART-TD), are scheduled to complete their ratification votes by Nov. 21. Their cooling off period ends on Dec. 8. If either BLET or SMART-TD reject their agreement, BMWED and BRS may also extend to Dec. 8.

To date, seven labor unions have ratified agreements based on the recommendations of the Presidential Emergency Board appointed by President Biden, while three other ratification votes are pending.

www.ngfa.org 
 
 

Read More News

Feb 21, 2025

It was a quiet close to the week, with the bulls unable to hold momentum. CZ25 ran out of steam at $4.80 after an impressive two-month rally. We saw a fair amount of old crop and new crop corn sales from farmers this week, and rightfully so.

Feb 14, 2025
President Trump’s tariff talk has been the main headline again this week. He started off the week mentioning plans to put reciprocal tariffs in place and rounded out the week by revealing his plan for said tariffs.
Feb 07, 2025
Good afternoon once again. Wildcards seem to be the theme these days. Tariffs, weather, exports, domestic crush margins. Everything just seems to have a wildcard out there to be played.