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FedEx Freight reported shipments fell 1.4% year over year for the four months through September. Strike deadlines at the LA-LB ports were pushed to November 4, and analysis of top container carriers was also reported.
A postponed West Coast port strike lowers near-term risk of disrupted US grain and meal export shipments. The item has little direct effect on feed commodity prices.
joc.comJOC TeamAug 5, 2017After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% 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.
