🚂 Watch out! December Railroad Strike is Inflationary 🚂 #shorts
Channel: Stock Docta' Trading
Date: 2022-11-23

#railstrike #rail #inflation #strike 
And cost more than $2 billion a day. For more on the goods most impacted and how costly it could get. One of the sectors that will be affected most immediately would be chemicals. Why? You've got that right. Well, the reason why is that there's an embargo and if you will. And so now that the BRC has aligned with the other unions to align their strikes, there is now clarity for logistics.

And so it's added additional days to move these chemicals. And at the same time they're saying we're not taking any more new chemicals. So these chemical manufacturers are now stuck with X amount of material right at their facilities. What industries will be most affected and what kind of goods are we talking about here? Consumer goods are what we're talking consumer goods.

We're talking spring items. And so I spoke with the National Retail Federation and the American Apparel Footwear Association. Get these numbers. So 30% of our products go by rail. One third of the American Apparel Footwear Association, their products go by rail.

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