Losses Mount for Canadian Grain Shippers
- Protests cost industry up to $7.5 million a day, group says
- ‘It’s a slow road to recovery’ as canola, wheat pile up
A CN Rail train sits on tracks at the Intermodal Terminals in Brampton, Ontario
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Beleaguered Canadian grain shippers, confronting millions of dollars of daily losses in the aftermath of a series of rail blockades, may face a sales logjam for at least six months.
Exporters are still paying contract penalties and demurrage costs for ships, and the backlog of grain may take until October to clear, Wade Sobkowich, the executive director of the Western Grain Elevator Association, said in a telephone interview. Delays in shipping are costing as much as s C$10 million ($7.5 million) a day.