TFI Urges Speedy Rail-Labor Union Contract Settlement
Arlington, VA – The Fertilizer Institute (TFI) today thanked members of the Presidential Emergency Board (PEB) for hearing from both rail carriers and their labor unions and providing measured recommendations on a pending contract agreement between the two. TFI urges all parties to swiftly reach a compromise and contract agreement. Both sides have until Sept. 16 to evaluate the PEB’s recommendations during a mandated 30-day cooling-off period.
“Uncertainty of this nature is yet another disruption in an already complex environment for farmers, so speedy resolution is paramount,” said TFI President and CEO Corey Rosenbusch. “Over half of all fertilizer moves by rail year-round throughout the United States and the timeliness and reliability of fertilizer shipments is absolutely critical. If farmers do not receive fertilizer, it results in lower crop yields, higher food prices, and more inflation for consumers.”