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Railroad Strike: $160 Billion A Month

  • The American Chemistry Council, which represents companies including 3M, Dow, Dupont, BP, Exxon Mobil and Eli Lilly, says a rail strike would impact approximately $2.8 billion in chemicals cargo a week.
  • The trade group says a rail strike of one-month could result in an economic impact of up to $160 billion, and within one week many chemicals manufacturing plants could shut down, lowering GDP and leading to more inflation.
  • Part of its analysis is based on the recent strike preparation among freight rails that took place in September before a last-minute deal was reached, which caused a drop of 1,975 carloads.
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