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FreightWaves reports the Panama Canal has kept growing cargo volumes despite COVID-19, drought and the US-China trade war. Container flows shifted toward Asia-West Coast services in the third quarter, while canal authorities say West Coast flows are additive rather than displacing Asia-East Coast volume.
A functioning canal supports US export routes to Asia, but routing shifts have limited direct impact on grain freight costs for feed buyers.
freightwaves.comGreg MillerOct 15, 2020Not 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.
