The penthouse views mentioned by union members refers to NJ Transit’s new offices at Gateway Center in Newark, leased for 25 years at a cost of $500 million. It has been a rallying point for union criticism that the agency has money to move from a building they own, but not to provide a competitive wage for engineers.

If the engineers do walk off the job, the agency plans to increase bus service, saying it would add “very limited” capacity to existing New York commuter bus routes in close proximity to rail stations and will contract with private carriers to operate bus service from key regional park-and-ride locations during weekday peak periods.

NJ Transit is already preparing for the walkout by urging as many people as possible to start working from home.

Governor Phil Murphy said Wednesday night that he's "hoping for the best, but preparing for the worst" regarding a possible NJ Transit rail strike.

With a potential strike or lockout now less than 24 hours away, NJ Transit is urging customers to reach travel destinations by midnight tonight in order to avoid being stranded at 12:01 a.m. on Friday,

A strike of train engineers could happen May 16. And NJ Transit's 172,000 weekday rail riders need to consider alternatives.

Earlier in the day, their union met with NJ Transit to continue negotiations on a new contract to avoid a possible Friday strike. CBS News New York's Lisa Rozner reports.

New Jersey Transit announced no bus or rail service would run to MetLife Stadium for the Shakira concert later this week. “Due to the potential rail service stoppage, NJ TRANSIT will not be operating train or bus service to MetLife Stadium for the Shakira concerts on May 15th and 16th,” the agency said in a social media post Monday.