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The Rail, Tram and Bus Union suspended industrial action at Pacific National in New South Wales while negotiations continue over enterprise agreements covering about 850 coal and bulk haulage workers. The union called off the action as a sign of good faith after a Fair Work Commission conciliation meeting.
Suspended rail action lowers the near-term risk of disruption to Australian bulk grain and coal haulage, a small positive for grain logistics in the region.
wsws.orgNov 2, 2017After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Not 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.
