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Union Pacific temporarily paused inland rail ramp shipments to the ports of Los Angeles and Long Beach due to port congestion amid ongoing West Coast labor issues. The railroad had also stopped accepting some exports and empty containers at its Denver terminal bound for Los Angeles.
Shippers are diverting cargo to other ports, and agricultural goods that spoil in containers face delays, which can tighten export logistics for US farm products and add freight costs.
cnbc.comLori Ann LaRoccoJun 6, 2023Not enough comparable past events yet for a historical read.
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.
