New Jersey’s first major rail strike in four decades became more likely this week when talks between NJ Transit and the Brotherhood of Locomotive Engineers broke down.

NJ Transit train engineers are preparing for a possible strike as the deadline to negotiate a new contract with the agency looms.

NJ Transit engineers are preparing for a possible walkout if they don't get the deal they want. While both sides continue to negotiate, the deadline is looming. CBS News New York's Christine Sloan spoke to NJ Transit's CEO.