Exclusive-Biden’s emergency board recommends up to 7% rail worker pay raises

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Reuters

WASHINGTON (Reuters) – U.S. President Joe Biden’s emergency board tasked with helping major freight railroads and unions end a contract negotiation stalemate on Tuesday proposed annual wage increases of between 4% and 7% through 2024, according to a report seen by Reuters. The board also recommended in its 119-page report a 3% increase for 2020 and 3.5% for 2021, when the rail workers did not have a contract, along with five $1,000 annual bonuses and an additional paid day off. Talks between major freight railroads, including Union Pacific, Berkshire Hathaway-owned BNSF, and CSX, and unions re…

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