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IATA projects air cargo volumes in 2023 will fall 5.6% below 2019 levels, driven by weak China demand. The Panama Canal began enforcing new disruption charges on February 14, and Suez Canal surcharges on crude and petroleum rise from April 1.
Higher canal and Suez surcharges raise shipping costs for bulk feed commodities, while energy-linked surcharges tie freight costs to crude price moves.
kwe.comFeb 15, 2023Not enough comparable past events yet for a historical read.
After 11 past neutral logistics events, Crude Oil (WTI) moved a median +3.8% over 5 sessions (73% higher; middle half -0.4% to +6.6%), and +6.3% 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.
