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Three months of strikes at Fremantle Port are reportedly pushing major shipping companies to bypass the port. Mining, resources and agricultural cargo is being moved by road and rail from eastern states instead.
The Australian Resources and Energy Group has called on the WA government to end the action.
Diverting cargo to road and rail adds cost and strains freight capacity. This raises delivered costs for agricultural inputs and exports in WA.
australiantruckradio.com.auStaff WriterOct 7, 2021Not 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 (SRW) 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.
