Ongoing rail strikes to cost industry over $130 million

U.K.-based railway company Network Rail Ltd. said that this week's rail strikes will cost the industry around £110 million ($131 million), City A.M. reported. Workers at Network Rail and 14 other companies walked out after rejecting recent pay offers, while trade union Associated Society of Locomotive Engineers and Firemen said its train drivers had not received an improved offer in the last six months of negotiations.