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Harvey not likely to weigh much on farm freight, logistics-Cargill CEO
September 1, 2017 / 6:36 PM / 23 days ago

Harvey not likely to weigh much on farm freight, logistics-Cargill CEO

MEXICO CITY, Sept 1 (Reuters) - Global commodities trader Cargill Inc does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said on Friday.

Cargill Chief Executive Officer David MacLennan said while it was still too early to assess the full impact of the storm on U.S. farm trade from nearby ports, he suspects freight rates have inched up but would likely be minimal.

MacLennan also said he was “cautiously optimistic” that the outcome of talks to redo the North American Free Trade Agreement would be beneficial for Canada, Mexico and the United States and that it would be a mistake to ditch the pact. (Editing by Frank Jack Daniel; Editing by Jeffrey Benkoe)

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