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Pacific National and the Rail, Tram and Bus Union reached an agreement that pauses industrial action for eight weeks. Victorian grain trains were set to resume running to ports the following day.
Weekly talks under Fair Work Commission assistance will try to resolve the dispute.
Restored rail capacity eases the port congestion and costly road haulage that had disrupted Victorian grain exports. The eight-week truce is temporary, so the risk of renewed shipping delays remains.
graincentral.comLiz WellsMay 5, 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 (SRW) 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.
