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A strike by about 120 container truckers at Prudential Transportation, serving the Port of Vancouver, was averted when Unifor reached a tentative deal shortly before it was due to begin. The agreement follows a similar deal with Aheer Transportation on Tuesday and covers health and dental benefits and higher waiting-time pay.
The port has been struggling with rail disruption from flooding and landslides, with more than 50 vessels at anchor.
Averting the strike removes one risk of further port congestion on top of rail outages, so grain and oilseed exports through Vancouver are less likely to be delayed. The effect on prices is small.
freightwaves.comFreightwaves AuthorDec 3, 2021Not 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.
