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At the Marine Finance Forum in New Orleans, Waterways Council president Tracy Zea discussed aging US locks and dams, with 80 percent past their 50-year design life. About $113 million of the $2.5 billion inland waterway funding under the Infrastructure Investment and Jobs Act remains to be allocated.
Aging locks and infrastructure backlogs raise the risk of outages that disrupt grain barge movements, a long-term cost factor for grain basis.
waterwaysjournal.netFrank McCormackDec 8, 2023Not 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.
