◂ Event Timeline

Jan 8, 2018LOGISTICSAustralia

Australian rail union collaborating with Pacific National to impose sell-out agreement

The Rail Tram and Bus Union is negotiating a new enterprise agreement covering about 850 workers at Pacific National's coal and bulk cargo haulage in New South Wales. The union has not circulated the proposed agreement to workers, and a ballot is expected in coming weeks.

WHY IT MATTERS

The dispute concerns Australian coal and bulk rail haulage with little direct effect on feed grain or oilseed supply or prices.

AFFECTSBarge Freight (St. Louis)Ocean Grain Freight Wheat (SRW)

SOURCE
wsws.orgJan 8, 2018

Price reaction & history

Barge Freight (St. Louis)no directional read

Not enough comparable past events yet for a historical read.

Ocean Grain Freightno directional read

Not enough comparable past events yet for a historical read.

Wheat (SRW)no directional readSO FAR1d -0.1%5d -0.4%20d +3.1%

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.

Nov 2, 2017Australian rail union suspends industrial action in Pacific National dispute - World Socialist Web Site+0.3%
Nov 20, 2017Pacific National: Wheels in motion - The Australian Mining Review-3.0%
May 30, 2018UPDATE 4-Canadian Pacific reaches tentative agreement with striking workers-0.6%
Apr 27, 2017Pacific National industrial action costing Victorian grains sector millions | The Border Mail | Wodonga, VIC+3.4%
Sep 11, 2021Nabisco workers strike enters second month, as company and BCTGM union plot attacks on pay and health care - World Socialist Web Site+3.6%

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.

Barge Freight (St. Louis) BARGE · GP ▸

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Ocean Grain Freight OCEANFRT · GP ▸

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