diff --git a/src/economy.cpp b/src/economy.cpp
index b478882f45..d6817cd1ca 100644
--- a/src/economy.cpp
+++ b/src/economy.cpp
@@ -1635,10 +1635,14 @@ static void LoadUnloadVehicle(Vehicle *front)
 	StationID last_visited = front->last_station_visited;
 	Station *st = Station::Get(last_visited);
 
+	/* If this is a neutral station, check its industry for exclusivity. */
+	bool can_load   = front->owner == st->GetExclusivityConsumer();
+	bool can_unload = front->owner == st->GetExclusivitySupplier();
+
 	StationIDStack next_station = front->GetNextStoppingStation();
 	bool use_autorefit = front->current_order.IsRefit() && front->current_order.GetRefitCargo() == CT_AUTO_REFIT;
 	CargoArray consist_capleft{};
-	if (_settings_game.order.improved_load && use_autorefit ?
+	if (can_load && _settings_game.order.improved_load && use_autorefit ?
 			front->cargo_payment == nullptr : (front->current_order.GetLoadType() & OLFB_FULL_LOAD) != 0) {
 		ReserveConsist(st, front,
 				(use_autorefit && front->load_unload_ticks != 0) ? &consist_capleft : nullptr,
@@ -1680,7 +1684,7 @@ static void LoadUnloadVehicle(Vehicle *front)
 
 		GoodsEntry *ge = &st->goods[v->cargo_type];
 
-		if (HasBit(v->vehicle_flags, VF_CARGO_UNLOADING) && (front->current_order.GetUnloadType() & OUFB_NO_UNLOAD) == 0) {
+		if (can_unload && HasBit(v->vehicle_flags, VF_CARGO_UNLOADING) && (front->current_order.GetUnloadType() & OUFB_NO_UNLOAD) == 0) {
 			uint cargo_count = v->cargo.UnloadCount();
 			uint amount_unloaded = _settings_game.order.gradual_loading ? std::min(cargo_count, GetLoadAmount(v)) : cargo_count;
 			bool remaining = false; // Are there cargo entities in this vehicle that can still be unloaded here?
@@ -1747,7 +1751,7 @@ static void LoadUnloadVehicle(Vehicle *front)
 		}
 
 		/* Do not pick up goods when we have no-load set or loading is stopped. */
-		if (front->current_order.GetLoadType() & OLFB_NO_LOAD || HasBit(front->vehicle_flags, VF_STOP_LOADING)) continue;
+		if (!can_load || front->current_order.GetLoadType() & OLFB_NO_LOAD || HasBit(front->vehicle_flags, VF_STOP_LOADING)) continue;
 
 		/* This order has a refit, if this is the first vehicle part carrying cargo and the whole vehicle is empty, try refitting. */
 		if (front->current_order.IsRefit() && artic_part == 1) {