around the corner and strike could come during peak buying season. joining us is jeremy ferguson, with the union that rejected the labor deal and represents 28,000 conductors, breakmen, yardmen, and others who are all involved here. jeremy, thank you very much for joining us this morning. you say you believe a strike could still be averted. how? well, first, thank you for having me, it s a pleasure to be on here. and i would just like to simply like to say, yes, a strike could be averted. the ball is back in the carrier s hands, at this point, back in their court. and we go back to associations this afternoon. talks will begin, i will be with three other unions who had failed agreements. it will be a difficult process, and we re going to do our best, we want to keep america moving and we certainly want to help santa claus get the gifts delivered for christmas also. yeah.
freight rail strike. leaders of four railroad unions and management returned to the negotiating table today after members from the largest rail unit rejected a tentative labor deal. if no deal is reached, a strike could happen as soon as december 5. vanessa, a lot at stake here. reporter: and including the u.s. supply chain 30% of freight moves by rail and when you take one transportation mode out of commission, that is crippling for the supply chain and also impacts inflation. but as you said, the four unions that voted no on this deal are back at the negotiating table today with these rail companies trying to get some sort of deal done in the next two weeks. now, three of the unions have agreed to a december 9 strike date while one union is looking at a december 5 strike date. but this all centers around rank and file members saying that they are unhappy with the lack
holiday shipping season. i hereby pardon chocolate and chip. after talking turkey, president biden returned to the oval office to talk about keeping trains running on time and running at all, as the largest rail union rejected the labor deal without publicly detailing why. that s your plan to avert a national railway strike? we ll be talking about that. president biden was personally involved, and celebrated in september. for the american people this agreement can avert significant taj that any shutdown would have brought. now a white house official tells fox, as the president has said from the beginning, a shutdown is unacceptable because of the harm it would inflict on jobs, families, farms, businesses and communities across the country. a majority of unions have voted to ratify the tentative agreement, and the best option is still for the parties to
The Brotherhood of Railroad Signalmen has rejected a tentative labor deal, raising concerns about whether a rail strike could ensue before the upcoming holiday season.
if there is one thing we know about the economy, it is that you really never know what is around the corner. yesterday a huge sigh of relief when the supply chain crisis was averted thanks to the labor deal. but today a new warning of a worldwide recession. the ceo of fedex sounding the alarm and he says the proof is in the packages. or lack thereof. let s bring in matt egan. what is going on? fedex is slashing its sales guidance by half a billion dollars and its ceo says that he thinks a worldwide recession is coming. and we listen to fedex closely because this is one the biggest shipping companies on the planet and they have their firng on the pulse of the economy. and they say that demand is weakening, not just in one place, but around the world.