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Potential rail strike will weigh heavy on U.S. economy, costing billions

(KYMA, KECY/ CNN) - A new estimate puts the cost of a freight rail strike at $1 billion in its first week.

The Anderson Economic Group is calling the potential strike one of the most disruptive events that can happen to the economy.

Lost agricultural goods and food spoilage would quickly add to mounting losses.

The retail industry leaders association is calling on policy makers to intervene to avoid an "economic disaster."

The four rail unions who voted against an agreement with U.S. freight railroads set a joint strike date of December 9th, if no contract deal is reached.

Article Topic Follows: News

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Cole Johnson

Cole Johnson is the anchor for Sunrise.

Contact Cole at cole.johnson@kecytv.com.

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