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FreightWaves reports US East and Gulf Coast container volumes grew 7% and 9% through November, versus 4.7% on the West Coast. Analysts expect up to 1.2 million TEU could shift to West Coast ports in 2020 when low-sulfur fuel rules raise costs on the longer Panama Canal route.
Container routing shifts affect container-based shipping costs and marine fuel pricing, with limited direct effect on feed grain or ingredient prices.
freightwaves.comFreightWaves StaffFeb 8, 2019After 113 past bullish logistics events, DIESEL moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
