US glycerin prices edge higher on potential Canadian rail strike

US glycerin prices edge higher on potential Canadian rail strike

Market participants relying on Canadian rail transportation for either trade or supply are becoming nervous that the expected Canadian rail strike will affect the US biofuel and glycerin markets.

Canada’s two largest rail networks, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), issued lockout notices to the Teamsters union that would go into effect 12.01am on Thursday August 22.

The Teamsters also served notice to CPKC of their intentions to walk out at 12.01am Thursday, according to a report from logistics data company FreightWaves.

The interconnectedness of the North American rail network will undoubtably have an effect on rail operations in the US.

On Friday August 16, US-based Norfolk Southern (NS) — one of the biggest railroad operators in North America — sent out notice to all its customers that it “continues to monitor the potential work stoppage affecting rail traffic to/from Canada.”

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.11.2024

Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost

Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost

Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...

11.11.2024

DCO starts the week higher; hog slaughter increases slightly

DCO starts the week higher; hog slaughter increases slightly

Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.

A...

11.11.2024

US cattle slaughter continues to fall behind 2023 levels

US cattle slaughter continues to fall behind 2023 levels

Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.

Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...

Latest Tweets