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Deck officers on Canada Steamship Lines' 12 self-unloading vessels began a strike on Saturday, and mediation is underway. The Thunder Bay port CEO said the strike is not yet affecting grain handling, mainly because the ships were carrying iron ore.
He warned the impact on grain could grow if the strike continues.
Grain is the largest cargo at Thunder Bay, so a prolonged strike that cuts vessel supply could slow Great Lakes grain exports. The effect so far is minor and mostly limited to iron ore.
cbc.caCBC NewsApr 25, 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.
