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More than 250 front-line workers at Port Otago in New Zealand issued a strike notice, including an overtime ban set to start September 7. Unions seek a 4% pay rise and fatigue management changes, while the port has offered 2%.
An overtime ban at Port Otago could slow container turnarounds in New Zealand, a minor effect on feed and grain logistics.
odt.co.nzBrent MelvilleAug 23, 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 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.
