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The STB has set up weekly calls with CSX Transportation over service failures affecting grain, milling, baking, coal and chemical shippers. The ABA reports flour and ingredient deliveries disrupted to facilities in several states.
Industry groups are urging members to report shipment problems directly to the board.
Rail delays on CSX can slow grain and flour movements and raise freight costs for affected buyers. The impact is regional and depends on how quickly service recovers.
world-grain.comRon SterkAug 17, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
