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FTR reports that the ILWU Canada issued a 72-hour strike notice on June 28, which could halt container movement at Vancouver and Prince Rupert from July 1. The US West Coast ILWU locals recently reached a six-year agreement, and BNSF was ordered by the STB to move coal to Canadian export terminals.
A Canadian port stoppage would reroute intermodal and container volumes and raise freight costs, while the US agreement reduces risk on the American side.
commtrex.comJun 30, 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.
