US braces for possible rail strikes
Rail networks have until Friday to reach an agreement with unions
President Joe Biden's administration has put in place contingency plans to supply critical goods in the event of a US rail shutdown.
At the same time, she demanded that the railways and unions reach an agreement to avoid a shutdown that would affect freight and passenger traffic.
Potential shutdown that could occur as early as Friday , could freeze nearly 30 percent of US freight, accelerate inflation, hamper food and fuel supplies, cost the US economy $2 billion a day, and cause transportation problems.
Rail networks including Union Pacific, BNSF, CSX and Norfolk Southern have until 00:01 Friday to reach preliminary agreements with three unions representing about 60,000 workers.
If agreements are not reached, unions may go on strike, and employers may not allow employees to work.