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Canadian Pacific Kansas City CEO Keith Creel said on a July 30 earnings call that a strike by about 3,300 workers is most probable toward the end of August, with the sides far apart on a new contract. CN, by contrast, does not expect escalation to a full strike or lockout.
CPKC's warning raises the odds of a disruption to western grain and potash shipments during harvest, which would lift freight costs and tighten nearby grain supplies while delaying exports for months afterward.
bnnbloomberg.caJul 31, 2024After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
