Inflation Alert! US/Canada: Wildfire activity in the B.C. interior is expected to continue with impacts to rail operations that are evolving and changing quickly. CN remains unable to operate between Vancouver and Prince George due to wildfires.
Look at all this stuff sitting on the docks >7 days! Only 512 of 684,892 tonnes is running in the GREEN zone of 0-3 days sitting!! 471,907 of 684,892 tonnes 69% (nice), is running greater than 7 days sitting!
https://www.portvancouver.com/wp-content/uploads/2015/05/container-terminal-performance-update.pdf
https://www.portvancouver.com/wp-content/uploads/2015/05/container-terminal-performance-update.pdf
According to the Port of Vancouver, wildfire activity in the B.C. interior is expected to continue. Hot and dry weather conditions persist and no precipitation is anticipated in the short-term forecast. The impacts to rail operations are evolving and changing quickly.
As of 7/16 (16/7 for you Apes that read funny), reports indicate:
The CN mainline between Kamloops and Vancouver is open through Ashcroft; and, CN remains unable to operate between Vancouver and Prince George due to wildfires. CP continues to operate under reduced capacity.
Both CN and CP are complying with Ministerial Order (MO) 21-06 requirements, which include targeted speed restrictions, increased equipment inspections, and staging and deployment of additional fire prevention equipment.
All anchorage class assignments are experiencing heightened demand, with enough supply to accommodate existing requests.
As previously discussed, this is only going to make the situation worse. It is like adding another mousetrap to a room of mousetraps before tossing in a ping pong ball.
The entire transportation network is facing spikes in costs and supply shortages, and you can bet the costs will get passed down the line. More fun to look forward to over the coming months.The CPI number from this week is a lieand a joke and inflation is not transitory--as Covid-19, Suez Canal, and Mother Nature all have continued roles to play in seeing it stick around.
