✎ Contributed by Ty Griffin
New Jersey Transit is facing the possibility of a full rail shutdown starting at 12:01 a.m. Friday, May 16, after labor negotiations with the Brotherhood of Locomotive Engineers and Trainmen broke down. The strike would suspend commuter rail service for roughly 350,000 daily riders across New Jersey and the New York metropolitan area.
Performance of Public Companies with Potential Exposure
- CSX Corp. (NASDAQ: CSX): Trading at $31.16, up $0.12 (0.40%) today.
- Norfolk Southern Corp. (NYSE: NSC): Trading at $242.43, up $1.25 (0.52%) today.
- Uber Technologies Inc. (NYSE: UBER): Trading at $89.88, down $0.53 (0.59%) today.
- Lyft Inc. (NASDAQ: LYFT): Trading at $16.57, down $0.29 (1.72%) today.
Industry Impact
A strike would halt all NJ Transit commuter rail operations, putting additional strain on regional transit systems, including buses and Amtrak. While Amtrak is not publicly traded, its Northeast Corridor service could experience delays due to elevated passenger volume and track-sharing complications.
Freight operators CSX and Norfolk Southern, which utilize shared infrastructure in the Northeast, could face congestion and routing challenges, though their core operations are freight-focused.
Rideshare companies Uber and Lyft may see demand spikes as commuters seek alternatives, particularly in urban and suburban zones underserved by contingency bus routes. However, pricing volatility and driver availability could limit gains.
State officials have prepared limited bus and park-and-ride contingencies, but these are expected to accommodate only a fraction of displaced rail passengers. With no resolution yet in place, commuters and businesses are bracing for major disruptions heading into the weekend.
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