A rail strike on the west coast of the United States has been described by Governors from 26 states as ranging from critical to disastrous.
A rail strike on the west coast of the United States has been described by Governors from 26 states as ranging from critical to disastrous. The U.S. Secretary of Labour, Mr. James Hodgson estimated that if the strike continued for another month it would cost the country's Gross National Product 50 billion dollars. But the east coast American is likely to feel the strike in a different way. Vegetables are sure to rise in price within a few days as refrigerated stocks run low. No fresh stocks can be brought in from the west coast while the strike continues. Ten train companies are involved in the stoppage.
SYNOPSIS: The United States Gross national Product is facing a loss of some 50 billion dollars this year as a result of a rail strike by employees of ten west coast rail companies. More than 120, 000 workers are taking part. The strike began on July 16, when four companies were brought to a standstill. But yesterday another six joined in causing Governors from 26 American states to say that the effects would not be disastrous.
Farmers who would normally ship their foodstuffs to the east coast by train are bringing them into markets in Los Angeles and San Francisco by truck. As a result there's been a food glut causing prices to fall. But the reverse will happen on the east coast when refrigerated stocks start to run low. Its costing the rail companies between three and four million dollars a day while the strike continues.