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Three ocean freighters have been stuck at the Port of Toledo and a fourth turned away due to a labor dispute between Local 1982 of the International Longshoremen's Association and stevedore Midwest Terminals of Toledo. The union has been picketing since the company withdrew recognition earlier this year after a decertification challenge.
Port labor disruptions on the Great Lakes can delay grain and feed shipments through Toledo, adding modest logistics friction and cost to export flows.
ilaunion.orgAug 28, 2018Not 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.
