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Golding Barge Line's CEO says volumes and demand on the lower Mississippi have stabilized and 2024 has been consistent and profitable. He cites rising equipment and repair costs as the main constraint on growth.
The comments come as the Federal Reserve held interest rates steady.
Stable barge volumes and steady demand suggest no new supply shock to river grain freight, though rising operating costs may limit fleet capacity over time.
marketplace.orgKai Ryssdal, Sofia TerenzioMay 1, 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.
