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Tank cars filled with oil are seen in storage at the BNSF Railway Company’s Watson Yard in Wilmington, California, U.S. on Tuesday, April 21, 2020.
Bing Guan | Bloomberg | Getty Images
President Joe Biden announced a tentative agreement was reached to give rail workers better pay, improved working conditions, and “peace of mind around their health care costs.”
“I thank the unions and rail companies for negotiating in good faith and reaching a tentative agreement that will keep our critical rail system working and avoid disruption of our economy,” Biden said in a statement.
Negotiators from railroad carriers and unions met in Labor Secretary Marty Walsh’s office Wednesday as the sides tried to negotiate a deal ahead of Friday’s strike deadline.
— CNBC’s Lori Ann LaRocco contributed to this report.
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This article was originally published by Cnbc.com. Read the original article here.