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South Africa's logistics sector is awaiting Transnet's outcome from talks with the Truckers' Association of South Africa over threatened labour action. Port of Cape Town management said it is on full alert after notice of a looming strike, while the container terminal is still recovering from being windbound.
A trucker strike at Cape Town and Durban would slow grain and oilseed container movements into and out of South African ports, adding modest upward pressure on regional logistics costs.
freightnews.co.zaEugene GoddardFeb 8, 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 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.
