Rail traffic from Canada into the U.S. had a third-straight weekly drop as a result of the on-again, off-again strike at the West Coast Canadian ports.
The vessel and container gridlock is raising concerns for chemical companies who have critical materials stuck as a result, creating supply chain issues.
Total rail volume from Canada to the U.S. was down 12%, according to the Association of American Railroad’s latest rail traffic report for the week ending July 22. This was an improvement, given the first full week of the strike saw a 46% decrease in rail trade from Canada, and the second week suffered a 36% decrease.
Read more in an article from CNBC.