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Pacific National drivers' strike has pushed freight onto roads in Victoria, while a waterfront dispute at Port Botany halted rail freight at Sydney's major port. Wakefield Transport added 634 extra trips in one week to cover rail freight, at a cost it says is crippling.
The union says Pacific National is seeking pay cuts of up to $19,000 a year.
Rail halts across two states are pushing grain and other freight onto costlier trucks, raising the cost of moving Australian crops to port. Continued disruption would keep logistics costs high for exporters.
railexpress.com.auAndrew HuckelMay 2, 2017Not enough comparable past events yet for a historical read.
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.
