At the request of President Joe Biden, Congress is set to vote on legislation that would prevent a rail strike, a move that comes after similar pleas from agricultural organizations worried about the effects of a stoppage of the nation’s trains.
The U.S. fertilizer sector is doing well, buoyed by solid demand and strong commodity prices, but the industry is increasingly concerned about disruptions like low water levels in the Mississippi River and a potential rail strike, says Corey Rosenbusch, president and CEO of The Fertilizer Institute.
A contract dispute between the nation's largest railroads and 115,000 of their workers is nearing escalation to a strike that could idle more than 7,000 trains, potentially halting the movement of grain during the harvest season.
Workers at John Deere plants have agreed to a six-year collective bargaining deal after a month-long strike by more than 10,000 employees at 14 facilities, according to statement released by the company and the United Automobile, Aerospace and Agricultural Implement Workers of America.
A John Deere executive says the company is looking to shift some of its necessary production to overseas facilities as a standoff with more than 10,000 union employees continues in search of a new contract.