Shuttle rail freight costs in the aftermarket have totally collapsed in the last few weeks. Shuttle trains were trading at a $4,000-5,000 per car premium just a month ago, but are back to even money today and will be trading at a discount to tariff very soon.
Shuttle rail freight costs in the aftermarket have totally collapsed in the last few weeks. Shuttle trains were trading at a $4,000-5,000 per car premium just a month ago, but are back to even money today and will be trading at a discount to tariff very soon. It begs the question of what will the politicians, both in the U.S. and Canada, have to attract headlines for the rest of this winter. Shuttle rates have crashed because there is nothing to haul at least in the short term. Far...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
