MarketsFarm — The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high […] Read more
Tag Archives shipping
Ocean freight rates trending lower
Hay prices skyrocket as Prairie drought continues
MarketsFarm — Hay prices have continued to skyrocket across the Prairies as conditions remain dry enough that many hay growers won’t produce a first cut this spring. “We’ve had a […] Read more
Baltic Dry Index near 2-1/2-year lows
The Baltic Dry Index (BDI) has dropped sharply over the past two months, as declining global demand for commodities — especially from China — weighed on the economic indicator. The […] Read more
Trucker shortage troublesome for Prairie cattle industry
CNS Canada — As large volumes of cattle make their way to western Canadian auction marts this fall, buyers are having problems finding truckers to haul them. Those problems may […] Read more
Proposed deal ‘fallen apart’ for Hudson Bay Railway
An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. […] Read more
Farmers seek ‘urgent’ action from Senate on rail service
Groups representing Canadian grain growers touched down in Ottawa Thursday to urge quick passage of legislation to avoid a sequel to the grain handling logjam of 2013-14. Representatives from the […] Read more
Baltic Dry Index hits three-year highs
CNS Canada — The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled Monday at […] Read more
China and vessel glut drive Baltic index to fresh low
Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slid to a fifth consecutive record low on Monday on economic worries about […] Read more
Baltic Dry Index hits record low
The Baltic Dry Index fell to its lowest levels ever on Friday, which bodes well for the competitiveness of Canadian grain exports. The BDI, a gauge of global ocean freight […] Read more