Sounds like bunk to me. No mention in the article as to WHY the contracts are being cancelled.
Is there a clause that says new contracts per carry are required if fuel prices change significantly?
If so, new contracts will be quickly drawn up w/new rates.
More expensive, but no starving cattle.
>>More expensive, but no starving cattle.<<
Except if the cost of feeding the cattle produces an economic loss, providing an incentive for the farmers to slaughter now for what they can get, and not breed new calves for next year, unless they have grain stockpiles.
Virtually every rail contract has an automatic fuel adjustment clause.
Force Majeure - Act of God.