Loading…
The Teamsters union representing about 9,300 train conductors, engineers and yard workers warned of a possible strike at Canadian National and Canadian Pacific Kansas City after talks deadlocked over rest provisions and wages. The notice of dispute allows a strike or lockout within 81 days, around early May.
A Canadian rail stoppage would disrupt grain and oilseed movements to ports, and buyers would likely pay more for prompt supplies and freight, supporting canola and grain prices.
freightwaves.comNoi MahoneyFeb 20, 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.
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.
