00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A deal reached late Monday will end a strike by five labor unions at the Long Island Railroad,
00:07the busiest commuter rail system in the United States, according to CNBC.
00:11The strike began at 12.01 a.m. Saturday, halting service for about 250,000 daily commuters
00:18who travel between New York City and its eastern suburbs.
00:22Trains will not resume in time for Tuesday morning rush hour,
00:25and the LIRR urged riders to work from home if possible.
00:30New York Governor Kathy Hochul said the deal will not raise fares or taxes
00:34and will give workers fair wages.
00:37Contract terms will not be disclosed until union members vote on and approve them.
00:43Negotiations between the unions and the Metropolitan Transportation Authority
00:46had stalled since 2023 over salaries and health care.
00:50The strike was the first LIRR walkout since 1994.
00:54For all things money, visit Benzinga.com.
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