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A panel of shippers and carriers at IANA Intermodal Expo in Long Beach discussed the IMO 2020 mandate, effective January 1. They said it could raise ocean freight prices and reroute cargo, and questioned whether enough compliant fuel would be available in ports.
Walmart said it would accept only planned increases tied to cost and distance.
Expected IMO 2020 surcharges and possible rerouting could raise the cost of importing feed ingredients by ocean and change shipping patterns.
ttnews.comMindy LongSep 19, 2019Not enough comparable past events yet for a historical read.
After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), 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.
