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Dock workers at DP World Australia terminals voted for indefinite rolling industrial action from March 22 over a wage agreement dispute. The union says DP World threatened to remove income protection insurance unless workers accepted the company's proposed terms.
Strikes could extend to major container terminals in Sydney, Melbourne, Brisbane and Fremantle if no resolution is reached.
Rolling strikes at four major Australian container ports could delay container exports of grain, meal and other feed-related goods and raise freight costs. The effect on global feed prices depends on how long the action lasts.
smh.com.auAnna PattyMar 14, 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.
