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Pacific National and the RTBU agreed to a truce halting industrial action for eight weeks, starting the following day, with minor shunting and training bans excepted. Grain trains are to return to work.
Bulk handlers and exporters welcomed the decision but warned that lost shipping capacity will be hard to recover.
Resumed rail services should ease Victorian port congestion, but the backlog of lost capacity will keep export logistics tight for weeks. The eight-week window leaves the risk of renewed disruption open.
farmonline.com.auGregor HeardMay 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.
