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Maersk is preparing contingency plans for a possible nationwide rail strike at CN and CPKC. It plans to shift cargo from Vancouver's Centerm terminal to Prince Rupert and to use the Port of Tacoma for some sailings.
A government request could delay the strike.
Contingency rerouting shows that a rail strike would add port congestion and shipping costs. The effect on grain and feed prices stays limited while the strike is only a possibility.
wwd.comGlenn TaylorSep 3, 2019Not 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 (SRW) 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.
