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Canadian Pacific Railway said it will resume operations on Tuesday after agreeing with the Teamsters Canada Rail Conference to settle a labor dispute through binding arbitration. The deal ends a work stoppage affecting roughly 3,000 workers.
Restarting CP's network eases the logistics bottleneck for Canadian grain and fertilizer shipments, which should limit the price premium that the shutdown had added. Ongoing service backlogs could still keep some grain movements delayed.
reuters.comNathan GomesMar 22, 2022After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
