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Shipping carriers are diverting sailings as the threat of a Canadian rail strike grows, after talks between CN, CPKC and the Teamsters stalled. Both railways rejected a union proposal to stagger negotiations, and CN said it is no closer to a deal.
Carrier diversions and a possible rail stoppage would delay cargo moving through Canadian ports and rail corridors, adding freight costs and supporting export-linked grain prices.
supplychainbrain.comNick BowmanJun 12, 2024Not enough comparable past events yet for a historical read.
After 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.
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.
