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The expanded Panama Canal recorded a record 403.8 million tons of transits in its 2017 fiscal year, up 22.2% in tonnage from 2016 as larger Neopanamax vessels began using the locks. Analysts say the shift will increasingly affect U.S. ocean cargo gateways.
Cheaper and more efficient Panama routing changes U.S. Gulf and East Coast export competitiveness versus Pacific Northwest and Brazil routes, with modest effects on grain freight costs.
logisticsmgmt.comPatrick BurnsonJan 10, 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.
