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RailState reports that the ILWU Canada strike at B.C. ports, now in its second week, has halted intermodal traffic while westbound rail volumes into the port for export rose sharply, led by coal and petroleum shipments moving under a separate terminal contract. Port of Vancouver-bound rail volume also increased.
Diversion of coal and petroleum into the western ports and a halt in intermodal container flows mainly shift logistics costs; grain and feed ingredients see limited direct price effect from this rail data.
railstate.comRailStateJul 13, 2023Not 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.
