U.S. President Joe Biden has ordered the establishment of a Presidential Emergency Board (PEB) effective July 18 to help resolve an ongoing dispute between major freight rail carriers and their unions.
The board is to investigate and report on the dispute. Within 30 days of its establishment, the Board must deliver a report recommending how the dispute should be resolved.
From the date of creation of the Board until 30 days after the Board has submitted its report to the president, the rail carriers and unions are subject to a cooling-off period intended to keep them working toward a negotiated settlement.
Read more in an article from Splash.