“Our barge industry just does not have the capacity to absorb in terms of volume what railroads transport. He says the transportation sector, including barges and over-the-road truckers, is not equipped to handle an increase in shipping demand if one or both industries have a stoppage.
Steenhoek tells Brownfield if dock workers at some West Coast ports strike, “Any kind of pork export, meat export, poultry export that occurs in these refrigerated containers, they would be severely impacted by that, which then has an impact on the soybean industry because we feed livestock.”ĭock workers, who load and unload shipping containers, have been negotiating for a new contract that expired in June for higher wages, jurisdictional responsibility and reduction in automation.
The collection of unions represents 140,000 railroad workers. The group has been meeting with an emergency board the Biden administration created to arbitrate disputes over wages, health care and time off. Railroad companies have until Friday, September 16 th to reach an agreement before a strike or slowdown happens.īNSF, CSX Transportation, Kansas City Southern, Norfolk Southern, Canadian National and Union Pacific have reached a tentative agreement with eight of the 12 workers’ unions. This is the latest in a string of supply chain issues farmers have been dealing with since the coronavirus pandemic. Having any kind of disruption to that for a long period of time will raise a concern for us because it impacts our profitability.” “Being able to get product to our customers whether they are domestic or international, are key customers for soybeans and soybean meal area actual animals. Mike Steenhoek with the Soy Transportation Coalition says a railroad strike could disrupt shipments of grain and inputs. In early September, a group of 8 Democratic and 1 Republican members of the House sent a letter to House leadership to "respectfully urge" leadership and the Committee on House Administration to bring a congressional stock trading bill to the floor for a vote before the end of September.The US ag sector is preparing for another blow to its supply chain as the potential for strikes at railways and ports are becoming a reality. A ban on congressional stock trading?Īs Jacobs continues to invest in government securities and the stock market, his colleagues in the House and Senate have been debating for months whether members of Congress, their spouses, and dependent children should even be allowed to trade individual stocks in the first place. The committee ultimately unanimously ruled that there "was not clear evidence" Jacobs committed "knowing or willful" violations of the STOCK Act, and that he and the other congressmen "were generally unclear on the requirements" for disclosing their investments.
Following the report and a referral from the Office of Congressional Ethics, the House Committee on Ethics investigated Jacobs and two other members of Congress who violated the act. Forbes reporter Zach Everson reported in September 2021 that Jacobs was late to disclose more than 10 securities worth more than $356,000. This is not the first time that Jacobs has violated the STOCK Act.
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