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Canadian railway CN is rerouting its operations through East Coast terminals in Halifax and elsewhere while the strike at the Port of Montreal continues. Vessels bound for Montreal have been diverted to other ports, and containers already at the port are stuck there.
Rail and port rerouting adds transit time and cost for containerized exports, which supports higher freight rates on the affected routes.
freightwaves.comJoanna MarshAug 12, 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.
