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Journal of Commerce reports that Union Pacific raised California intermodal surcharges to $1,000 per box, citing higher bunker fuel costs. Low water on the Rhine threatens to push congestion back to Rotterdam and Antwerp.
Ongoing European port logjams and labor and infrastructure problems are slowing breakbulk cargo.
Rising fuel surcharges and port and river bottlenecks increase freight costs and delay cargo movements for feed and grain importers. These effects can widen basis spreads for buyers in Europe and the US West Coast.
joc.comJOC TeamFeb 6, 2018After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), 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.
