"We are relieved and cautiously optimistic that this devastating nationwide rail strike has been averted. "NRF President and CEO Matthew Shay
WASHINGTON – The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the White House’s overnight announcement that a tentative agreement has been reached between freight railroads and rail labor organizations, avoiding a shutdown of the freight rail system.
“We are relieved and cautiously optimistic that this devastating nationwide rail strike has been averted. We appreciate the Biden administration’s intervention on behalf of the businesses and consumers who would have been impacted at a time when high inflation and economic uncertainty are challenging consumer budgets and putting business resiliency at risk.
“We hope railway workers will accept the new terms of the proposed contract and the railway system can continue to operate on behalf of the millions of hardworking Americans who rely on it for their jobs and the economic security of our country.”
Yesterday, NRF released a statement emphasizing the devastating impact a rail strike could have should the negotiating parties fail to reach an agreement.
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs — 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com