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Canadian National made a revised offer to the Teamsters Canada Rail Conference on May 16, and talks at Canadian Pacific Kansas City restarted May 17 with federal mediators. Union members at both railways authorized a strike, covering a combined 9,300 employees.
Simultaneous rail strikes at both major Canadian railways would gridlock grain and freight movements and raise trucking rates. Progress toward a settlement reduces that risk for export grain and feed flows.
ttnews.comKeiron GreenhalghMay 20, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), 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.
