Polar Vortex Could Freeze UPM Kymmene, Honda Midwest Supply Chains — Panjiva


Polar Vortex Could Freeze UPM Kymmene, Honda Midwest Supply Chains

Ags - Forestry 99 Ags - Grains/Beans 162 Cons. Discr. - Autos 661 Materials - Chemicals 93 Materials - Metals/Mining 482 Metals - Steel 360 Mode - Rail 66 Mode - Seaborne 1273 Theme - Disasters 60 U.S. 3297

Extreme cold weather conditions, alongside an earlier flood of imports ahead of now-delayed tariffs, are causing significant rail and barge congestion in the midwest including Chicago. Shipments into the region climbed 8.7% year over year in 4Q 2018, including a 14.1% increase from China. Major industrial importers to the region are led by commodities producers. Those include forestry products maker UPM Kymmene – whose seaborne imports shipped onward rose 44.0% – as well as fertilizer maker Yara and steel producer ThyssenKrupp. The latter saw a decline in shipments due to steel tariffs a...

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