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BNSF Railway asked a federal court to block about 17,000 members of two unions from striking over an attendance policy effective Feb. 1.
The company said the dispute was a minor one under its collective bargaining agreements and that a strike would seriously disrupt interstate and international commerce. The unions represent workers who move agricultural and industrial goods across the country.
The possibility of a rail stoppage raises the risk of delays to grain and feed ingredient shipments, which can widen basis and freight costs. The court action reduces that risk for now.
nbcnews.comDeon J. HamptonJan 25, 2022Not 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 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.
