Railroad unions continue their slow creep along the path to a settlement—or strike—in contract negotiations covering 115,000 workers. On August 16, the Presidential Emergency Board convened by President Biden issued its recommendations for a settlement. Many rail workers say they fall short and are prepared to strike to win more. The PEB recommended 22 percent raises over the course of the five-year contract (dating back to 2020), which would be the highest wage increases rail unions have seen in decades. But they are offset by increases in health care costs—and come in the midst of high inflation.