July 14, 2011: An Appeal To Reason - United Transportation Union (UTU) recently released to the public their tentative national agreement with the Class 1 Freight Railroads resolving wages, health care and rules covering the six year period from 2010-2016. The last five years have seen the Freight Railroads post record profits. The new proposal is substantially worse than the one negotiated under President Bush’s National Mediation Board in 2007. When that agreement was concluded, the Freight Railroad’s profits were half of what they are today.
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