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A shipping industry newsletter reviews the 2023 strikes at US West Coast and Vancouver ports and their resolution. Container share at West Coast ports fell from 45% in 2019 to about 42% in 2023 as cargo was rerouted.
The Vancouver port reported around C$800 million of cargo halted daily during the disruption.
Port labor disruption and rerouting add cost and transit time to grain and oilseed exports, and buyers may face higher freight and delivery uncertainty. Lessons from these strikes suggest future labor action could repeat the pattern.
ics-shipping.orgSep 19, 2023Not 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 (SRW) 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.
