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Longshoremen at the Port of Montreal began a partial strike after employers suspended guaranteed minimum pay following an 11% drop in cargo volumes. Workers refused overtime and weekend work but continued handling pandemic-related containers and grain offloading.
Reduced weekend and overtime handling slows container and grain throughput at Canada's second-busiest port, which can lift freight costs and delay export deliveries.
freightwaves.comFreightwaves AuthorApr 12, 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.
