Daily Business Briefing: Railroad unions and companies reach a tentative deal to avoid a strike.

Plus: Amtrak is scrambling to restore trains it had canceled.

Sept. 15, 2022, 2:08 p.m. Eastern time Good afternoon. Freight rail companies and unions reached a tentative agreement to avert a labor strike that was likely to hurt businesses, farmers and consumers by delaying the movement of critical goods, with the Biden administration taking an active role in the talks. Amtrak was scrambling to restart passenger service it had canceled on Wednesday. The agreement included a significant pay increase for the workers. But a key issue was schedules, which workers say are punishing, upending their personal lives and driving colleagues from the industry. The deal heads to union members for a ratification vote, a standard procedure in labor talks that could take a few weeks. Here's what is happening today Dustin Chambers for The New York Times   Railroad unions and companies reach a tentative deal to avoid a strike. President Biden praised the agreement as a 'big win' for workers and the rail companies. Read this story Amtrak is scrambling to restore trains it had canceled. Mortgage rates jump above 6 percent for the first time since 2008. Crypto's long-awaited 'merge' reaches the finish line. Shell's chief executive, Ben van Beurden, is stepping down. See the full briefing What do you think of this email? We would love to hear from you. Was this email forwarded to you? Sign up here to get this in your inbox. Get Business alerts as they happen with The New York Times app. Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Daily Business Briefing from The New York Times. To stop receiving these emails, unsubscribe or manage your email preferences. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018