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>>> THE THIRD LARGEST RAILROAD UNION REJECTED A DEAL FROM EMPLOYERS, RENEWING THE POSSIBILITY OF A NATIONWIDE STRIKE THAT COULD HURT THE US ECONOMY. >> THE RAILROAD AND UNION REACHED A TENTATIVE DEAL LAST MONTH TO AVOID A WALKOUT. ALL 12 UNIONS REPRESENTING 115,000 WORKERS MUST RATIFY THE CONTRACT BY THE MIDDLE OF NEXT MONTH. BOTH WILL NOW RETURN TO THE BARGAINING TABLE. LET'S BRING IN A LABOR ATTORNEY FOR THE BROTHERHOOD OF MAINTENANCE. IT IS THE UNION THAT HAS REJECTED THIS PROPOSED DEAL. RICHARD, GREAT TO HAVE YOU WITH US. EXPLAINED TO US WHERE THE DISCONNECT IS. WE KNOW THE UNION STICK AND A LOT OF WHAT THEY WERE ASKING FOR. WHAT DOES THE UNION STILL WANT THAT EMPLOYERS ARE NOT WILLING TO GIVE? >> I THINK WHAT YOU SEE IS THE COMBINATION OF TRENDS AND EVENTS OVER NEARLY 2 DECADES. THE RAILROADS HAVE BEEN VERY PROFITABLE SINCE 2004 I WAGE INCREASES BEING MINUSCULE. IN 2016 THE RAILROADS ADOPTED A NEW VERY RIGID COST-CUTTING BUSINESS MODEL THA...