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Pacific National train drivers from the Rail, Tram and Bus Union will strike for 48 hours from noon Saturday, halting coal trains into Newcastle and Port Kembla. The union has deferred further action for a fortnight after a Fair Work Commission hearing, but the company says the stoppage is still proceeding despite a recommendation for no protected action.
Rail disruption on the NSW coal and bulk grain network can delay grain haulage to ports, tightening prompt Australian grain logistics and modestly supporting nearby feed grain basis and freight costs.
newcastleherald.com.auIan KirkwoodOct 27, 2017Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
