By Jim Tankersley - would a strike impact global marketplaces? Sept. 15, 2022 Updated 9:17 a.m. ET O No, because containerization focuses on over-sea transit (e.g. container ships). Yes, because containerization has made moving goods from one mode of transport to another extremely labor-intensive. No, because the railroads only run on US soil, they only impact domestic purchasers. Yes, because goods that are shipped from international destinations use rail as part of the intermodal transport system.
By Jim Tankersley - would a strike impact global marketplaces? Sept. 15, 2022 Updated 9:17 a.m. ET O No, because containerization focuses on over-sea transit (e.g. container ships). Yes, because containerization has made moving goods from one mode of transport to another extremely labor-intensive. No, because the railroads only run on US soil, they only impact domestic purchasers. Yes, because goods that are shipped from international destinations use rail as part of the intermodal transport system.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Transcribed Image Text:### Railroad Unions and Companies Reach a Tentative Deal to Avoid a Strike
#### Article Summary
President Biden announced a tentative agreement was reached between US railroad unions and companies, avoiding a potential worker railroad strike. This agreement came after negotiations brokered by the labor secretary that lasted deep into the night.
Article by: Jim Tankersley
Date: September 15, 2022
Time: Updated 9:17 a.m. ET
#### Image Description
The image depicts an Amtrak passenger train traveling south out of Chicago on a Wednesday evening. It captures the train on the tracks with the Chicago skyline visible in the background. Photo by Charles Rex Arbogast/Associated Press.
#### Discussion Question
Would a railroad strike impact global marketplaces?
#### Response Options
1. **No, because containerization focuses on over-sea transit (e.g., container ships).**
2. **Yes, because containerization has made moving goods from one mode of transport to another extremely labor-intensive.**
3. **No, because the railroads only run on US soil, they only impact domestic purchasers.**
4. **Yes, because goods that are shipped from international destinations use rail as part of the intermodal transport system.**
Expert Solution
Step 1 Introduction:
Rail roads are a necessary part of the transportation industry, handling the transport of various materials including but not limited to coal and other minerals. In the United States, there are many different railroads in operation, all of which are vital to the country's economy.
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