Senate approves bill to force tentative rail labor agreement, CNBC says

The U.S. Senate has passed a measure that would force a tentative rail labor pact and avert a national strike, CNBC’s Lori Ann LaRocco reports. A separate vote on adding seven days of paid sick leave to the deal failed, the author notes. The approved legislation now goes to President Joe Biden, who had called on Congress to act quickly ahead of this month’s strike deadline, the author says. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link