Problem is not solved, but there will be no strike: companies and unions agreed

Problem is not solved, but there will be no strike: companies and unions agreed Conflict, which lasted more than two years, was brought to a halt a few hours before the critical deadline. Strike of railroad workers in the US, which threatened large-scale economic damage, is cancelled, but the agreement reached is still considered preliminary.Hopes for a quick slowdown in consumer prices were dashed by August inflation data released on Tuesday. Shutting down trains carrying more than 30% of freight could cost the US economy about $2 billion a day and bring inflationary pressures to a breaking point.Biden administration has done everything it can to avoid disaster, with the ministers of labour, transportation and agriculture joining the talks last week. The negotiators adopted the recommendations of the government commission on wages and insurance payments. Now the average Class 1 freight rail worker can earn about $150,000 a year in wages and benefits.The parties are pleased with the interim result so far: railway workers will receive higher wages, improved working conditions and confidence in their healthcare costs. Companies will be more active in hiring qualified personnel and investing in new technologies.Against this background, investments in the shares of railway companies are becoming attractive again. For those who are ready for medium-term deals, we recommend that you pay attention to the stocks of Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP), as well as CSX (NASDAQ: CSX) transport holding and the BNSF division of the famous Berkshire Hathaway (NYSE: BRKb).Profits to yall!