◂ Event Timeline

Jan 31, 2017LOGISTICSUS

Automation May Make ILA USMX Negotiations Contentious

The ILA ran a surprise labor slowdown at the Port of Charleston's Wando terminal over a new automated gate system, forcing manual chassis inspections and truck backlogs. The episode is seen as a preview of automation disputes ahead of the East and Gulf Coast ILA-USMX contract expiring next year.

WHY IT MATTERS

Labor friction at US East Coast ports raises the risk of future export delays for grain and meal, but no contract action has occurred yet, so the price impact is limited for now.

AFFECTSBarge Freight (St. Louis)Ocean Grain Freight Wheat (SRW)

SOURCE
universalcargo.comJared VineyardJan 31, 2017

Price reaction & history

Barge Freight (St. Louis)no directional read

Not enough comparable past events yet for a historical read.

Ocean Grain Freightno directional read

Not enough comparable past events yet for a historical read.

Wheat (SRW)no directional readSO FAR1d +0.3%5d +3.8%20d +2.5%

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.

Oct 27, 2023Canada's Seaway Strike Negotiations Continue+2.0%
May 30, 2018CP Rail train crews go on strike as contract negotiations fail, talks continue - The Globe and Mail-0.6%
May 21, 2022Canada: Docks deal concluded after 4 years of negotiations - The Federation of International Employers - FedEE-2.2%
Sep 25, 2017ILA, USMX make early moves toward contract talks | Journal of Commerce-7.1%
Apr 26, 2024Possible dual railway strike looms as contract negotiations remain stalled - RealAgriculture-2.3%

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.

Barge Freight (St. Louis) BARGE · GP ▸

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Ocean Grain Freight OCEANFRT · GP ▸

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