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Canadian Pacific Kansas City estimated the 13-day B.C. port strike cost it about $80 million in revenue, with CMO John Brooks saying the company will try to recover much of it in the remaining quarters. The strike halted operations at most West Coast ports and sharply reduced container hauling in the first week.
The disruption shows the strike's cost to rail carriers but does not change grain or feed supply; the effect on feed prices is small since the strike has ended.
cbc.caThe Canadian PressJul 28, 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.
