The steps to the railroad industry's bargaining process

The National Mediation Board handles labor relations for the airline and railroad industries

Established in 1934, this independent federal agency mediates disputes between airline and railroad carriers and their unions, conducts union representation elections, and helps with disagreements over existing contracts with the goal of keeping work in these industries moving ahead.

See the process of starting a union.

The seven major US freight rail companies

The US railroad industry is dominated by seven long-running freight conglomerates. Get the basics on each of these companies with this brief overview.

With roots stretching back to the 18th century, unions have long been at the center of change in labor rights.

The National Labor Relations Act gave workers the right to unionize in the US.

Hear an interview with Harvard Law School employee and labor law expert Sharon Block about how the parallel motivations of workers, employers, and government officials led to the creation of the National Labor Relations Act.

Henry Varnum Poor published a guide to the railroad industry in 1860

Poor's guide to the railroad industry helped investors evaluate changes and business decisions that might impact their investments. It was the first step in building the thorough datasets tracking companies and industries that Standard & Poor's is known for today.

130,000 working musicians once went on strike

The early days of the record industry looked much different than they do now. There were few national record labels and there were organized musicians who viewed themselves more as day laborers rather than artists. That allowed for an organized strike by the American Federation of Musicians.

Despite being completely legal to discuss salaries with your coworkers, the practice largely remains taboo in the US, particularly amongst older workers.

Pay transparency—once considered taboo—is gaining momentum. Despite being legally protected since 1935, open salary discussions have only recently become more common, especially among younger workers. This overview explores how cultural norms, economic shifts, and new state laws are reshaping the conversation around what we earn.

See the US industries with the highest union membership rates.

A rush to invest in British rail in the 1840s led to investor ruin

During “Railway Mania,” speculative excitement pushed British rail shares to extreme valuations as investors chased rapid expansion. When costs ballooned and profits failed to materialize, the bubble collapsed in 1847—wiping out fortunes across the country.

Timeline of women in labor history

In 1866, newly freed black women working as laundresses in Jackson, Mississippi, formed a union and went on strike for higher wages. But it wasn't until 1974, that the Coalition of Labor Union Women was founded as America's only national organization for union women. Want to find out more about the history of women in the labor movement? Click here for the full timeline.

While critics of labor unions argue that unions make it difficult to discipline low performers and drive up labor costs, union advocates believe that unions are a useful tool for increasing workers' pay and benefits.

Explore a list of some of the largest labor unions in the United States.

The winding journey from Standard Oil to the modern oil industry

Standard Oil’s impact on the business world can be clearly seen today in oil giants like Exxon and Chevron. But the journey from the Rockefellers’ trust to the modern firms was a windy road. After the Supreme Court ordered Standard Oil’s break up, the first step saw it separate into many state-based companies like Standard Oil of California and the Ohio Oil Company. Visualize it here.

In 1975, a Major League Baseball clause that kept players legally tied to their teams after retirement was dismantled, creating the modern concept of free agency.

Learn about the bodies that govern the US commercial airline industry, such as the FAA

The Federal Aviation Administration (FAA) regulates US air travel, monitoring both safety and advancement. But despite deregulation in the 1970s, the industry has other governing bodies, too, including the US Department of Transportation and the TSA.

Read about the National Labor Relations Board case against Bridgewater Associates

In 2016, The New York Times reported about sexual harassment claims at the hedge fund, which uncovered a large-scale case from the National Labor Relations Board over Bridgewater's employees' contracts. The NLRB challenged their intense confidentiality agreements, but the settlement was ironically deemed confidential.

Budweiser pioneered refrigerated rail transport for its beer in the 1870s

This enabled Budweiser to achieve national distribution long before competitors, fundamentally transforming the US beer industry. It was also among the earliest large-scale adopters to use pasteurization, allowing it to be shipped long distances without going bad.

Explore the history of Labor Day in the United States.

Major League Baseball, explained

Major League Baseball is America’s oldest professional sports league. Alongside triumphs, the league has faced scandals, including drug abuse and steroid use, shaping its path over the decades. Today, MLB embraces new rules, international talent, and a growing connection to legalized sports betting.

27 states have right-to-work laws

That means employees in those states can choose whether or not to join a union at their workplace. Right-to-work laws also make it optional for employees in unionized workplaces to pay fees associated with union membership.

The US' coastal vacation destinations were developed with the aid of railroad companies, creating pivotal aspects of the vacation industry.

Research shows that increased pay transparency could result in lower wage growth and a potential decrease in worker bargaining power.

Research on pay transparency's impacts has been limited given the short amount of time since American states began passing pay transparency legislation. However, this early study from researchers out of Brown and Harvard found that increasing pay transparency could have the potential to decrease worker bargaining power, resulting in lower average wages for employees. Read the research here.

Unions are organizations workers form to improve aspects of their working conditions

While there are many different types of labor unions, they are, generally speaking, organizations workers form to improve aspects of their working conditions, such as vacation time or discipline processes.

Use this interactive tool to see how long Americans have tended to remain at the same job for in various decades.

Why train derailments happen, 101

In 2021 alone, there were over 1,000 reported derailments in the US—and no amount of maneuvering will reduce those numbers to zero. This 101 explains the causes of train derailments and how safety protocols look to limit them each year.

The economic impact of the Hollywood strikes

The 2023 strikes in Hollywood resulted in significant wins for the WGA, DGA, and SAG-AFTRA unions. Workers were promised to receive bonuses that allowed them to benefit from high-performing streaming shows and films. This article shares how the rewards have been distributed to union members since their implementation. See a breakdown of the bonuses for each union, how the industry has improved, and the challenges some members still face.

Explore a list of well-known monopolies

Many American monopolies popped up during the rapid industrial growth of the Gilded Age. Industries like steel, tobacco, railroads, and telecommunication have all been monopolized at some point in history.

Why high-speed rail hasn't worked in the US

High-speed rail connects cities across Europe and Asia, but American attempts have faced ballooning costs and delays. California's failed attempt to connect San Francisco and Los Angeles is the most prominent example of the dysfunction.

Pensions often must ‘vest’ for an employee to be eligible for them

This means that often, an employee won’t be eligible to receive a full pension benefit from an employer until they have worked at the job for a certain number of years. Specifically, these vesting schedules determine when one owns their employer’s pension contributions. The number of years varies significantly by employer.

Minor leaguers once unionized for better pay, housing, and medical care

For decades, Minor League baseball players endured overcrowded housing, indifferent medical care, and all-night bus rides for a chance to make it to “The Show.” And they did it for as little as $4,800 a year.

Since its inception in 1938, Congress has raised the federal minimum wage 22 times

If you want all the details about when and why these rate increases happened check out this resource from the US Department of Labor.

Learn how the NFL Draft works

Teams select players in a set order over seven rounds, with the weakest teams from the prior season picking first. Picks can be traded, and teams that lose free agents may receive additional compensatory picks.

American Express stopped its rail service when President Wilson seized American railroads

After the US entered World War I, the federal government took control of American railways and consolidated rail companies. American Express officially exited the express shipping business in 1918 and turned its focus to its travel and financial services.

Journalists are increasingly unionizing

The LA Times was a famously anti-union paper—until its owner sought to cut costs by consolidating positions across its portfolio. This paper isn’t alone. Over the past few years, as the news business struggled, many publications kicked their unionizing efforts up a notch.

The Fair Labor Standards Act, a 1938 law guaranteeing time off for full-time employees, led to the modern vacation.

A former recruiter's 10 rules for salary negotiation start with one piece of advice: never give your number first.

The ins and outs of oil refining

The oil industry is broken up into the upstream, midstream, and downstream segments, and oil refining is part of the latter. “Downstream” refers to companies like Standard Oil that are converting crude oil into a finished product.

Do unions still work?

Workers everywhere from Starbucks to Uber have made headlines about unionizing—and some union experts argue that despite union membership being lower than it was in eras past, unions could still help the economy.

Should companies be owned by their workers?

In the last half-century, so-called private equity has transformed industries by purchasing private companies, cutting costs, loading up debt, and then selling the business at a premium—all at a huge profit to the investors. Workers, on the other hand, are often left with nothing. Listen to how both pro-worker economists and a private equity stalwart are trying to shift ownership to workers—a growing tactic proven to improve worker satisfaction and company value.

Learn about CD ladders, the investing strategy in which one buys multiple CDs with different maturity dates to capitalize on high interest rates with longer-term CDs while keeping liquidity with shorter-term CDs.

In 2024, the league signed a 11-year deal with Disney, Amazon, and NBC Universal

The $2.2B deal was widely applauded in the media, but the Players Association questioned how the NBA arrived at the valuation and why the deal gives players less than 10% of total revenue compared to the NBA’s 50%.

What is crossing a picket line?

A picket line refers to a boundary that workers on strike ask others not to cross. That boundary could be a physical place, like the entrance to a place of work, or something else, such as digital journalists asking people not to visit their news organization’s website while they strike. This video explains what happens when someone crosses a picket line, including some recent examples. Watch it here.

Read about the history of the Sherman Antitrust Act, the first law to ban monopolistic behavior

In its later years, Standard Oil formed a business trust that reflected the company's exponential growth. Politicians wanted to prevent such trusts and used the Sherman Antitrust Act to force Standard Oil to break up.

George Pullman popularized tipping in the US with his Pullman sleeping car business

By 1868, Pullman, who operated luxury sleeping cars on the country’s growing network of railways, had started hiring formerly enslaved Black men as porters for extremely meager wages, working long hours in poor conditions. He encouraged wealthy passengers to tip them, helping institutionalize tipping in the US.

How long should you stay at your job?

Is it better to stay at a job longer to make sure you look loyal on your resume, or to job-hop for the resulting pay bumps? After all, Federal Reserve data shows that job switchers increase their salary more quickly on average than those who stay put. This video from CNBC aims to help you figure out the answer to the age-old question of "should I stay or should I go?" Watch it here.

Before the Panama Canal, there was the Panama railroad

The first ship to cross the isthmus of Panama went not by sea but by land: The paddlewheel steamship Explorer was taken apart and transported by rail, an effort that generated “more trouble than profit,” according to one account.

Union membership was 9.9% in 2024, the lowest in nearly 40 years.

Supervisors are legally prohibited from joining unions.

Amazon has historically opposed efforts among its employees to unionize

Amazon has done everything from creating mandatory anti-union meetings to hiring union-busting consultants, and even engaging in employee surveillance. Such efforts have proven to be a lightning rod for pro-labor groups.