Loading…
Maersk said it would stop accepting Canada-bound cargo that must move by rail, and it would divert some imports into the US. Hapag-Lloyd embargoed all commodities originating in Canada, all US commodities bound for Canada, and carload traffic to Canadian interchanges.
Shippers were told to use trucks or pay a $350 diversion fee on containers rerouted into the US.
Carrier embargoes and diversions to US West Coast ports tighten container capacity and push up ocean and inland freight rates. Canadian importers face higher costs and delays.
wwd.comGlenn TaylorSep 3, 2019Not 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.
