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Air cargo in Panama has lost share to ocean shipping as Panama Canal shipping services increase. Experts expect container volume through the canal to grow once the widening project finishes next year.
US West Coast port labor action and a trucker shortage are also pushing shippers toward Panama routes.
This is a freight mode shift with little direct effect on feed grain prices, so the impact on animal-feed commodities is limited.
aircargonews.netAir Cargo News E-mailOct 11, 2018Not enough comparable past events yet for a historical read.
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.
