US Rail Stocks Rise After Tentative Agreement Averts Strike
15 9월 2022 - 9:20PM
Dow Jones News
By Dean Seal
Shares of major U.S. railroad companies are rising in premarket
trading Thursday after the White House said a tentative agreement
had been reached to avoid a potential railway strike.
Norfolk Southern Corp. shares added 3.1% to $245.50. Shares of
CSX Corp. gained 4.1% to $32.50, and Union Pacific Corp. shares
were up 4.1% to $226.99.
The Biden administration had been in talks with the unions and
the rail companies to prevent a shutdown that would have further
aggravated the U.S.'s already strained supply chain.
Railroad operators saw their shares fall this week as rising
fears of a potential strike were met with a wider market downturn.
Things started turning around after President Biden said the sides
had negotiated in good faith and reached a tentative deal.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
September 15, 2022 08:05 ET (12:05 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Union Pacific (NYSE:UNP)
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Union Pacific (NYSE:UNP)
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