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Senator Kevin Cramer reported that BNSF and Canadian Pacific filed weekly grain car backlog status updates with the US Surface Transportation Board. The data covers North Dakota over the last 10 weeks.
The STB extended weekly performance and employment reporting through December 31, 2023.
Grain car backlogs in the northern Plains raise freight costs and delay shipments to export terminals. Continued reporting signals regulators are watching service, which supports a smoother movement of harvest grain.
cramer.senate.govSep 15, 2023After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
