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The CUPE 375 union began an unlimited strike at 7 a.m. on April 26, shutting most cargo operations at the Port of Montreal except liquid bulk and the Viterra grain terminal. The federal government issued notice of back-to-work legislation, titled An Act to Provide for the Resumption and Continuation of Operations at the Port of Montreal.
With most cargo handling halted, export delays and container backlogs raise freight costs, while the Viterra grain terminal staying open limits the disruption to grain flows.
freightwaves.comFreightwaves AuthorApr 26, 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.
