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A review of 2024 for the waterways industry covers a drought that reduced river drafts and cargoes, a hurricane that restored water levels, and unscheduled lock closures. It also notes new federal infrastructure funding and Supreme Court rulings limiting agency authority.
Recurring lock failures and draft restrictions raise barge costs and delay grain movements, which can widen Gulf basis and freight spreads.
waterwaysjournal.netDavid MurrayDec 13, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
