As I posted earlier in the session:
Reuters is reporting that some US railroads will start halting crop shipments on Thursday
- This is a day ahead of a potential rail strike stoppage
- The halt threatensg exports and feed deliveries for livestock
The background to this:
- US railroad strike looks likely to trigger another surge in food price inflation
- More than 90,000 workers at the country's freight railroads could go on strike should the railroads fail to reach an agreement with unions by Friday, September 16
- 30% of US freight could halt
Goldman Sachs are not fussed:
Another supply chain snarl like this is not what is needed to help inflation top out ....
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The Wall Street Journal is reporting:
- White House ... Senior administration officials are communicating with ocean-shipping, trucking and airfreight companies among others to determine how to keep goods moving in case of a rail shutdown and what commodities are most likely to face severe disruptions.
Labor Secretary Marty Walsh is planning to meet with union and rail company representatives on Wednesday in Washington, D.C., the Labor Department said.
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Here is the Journal link, gated.
(Old pic)
