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The US barge fleet contracted about 1% in 2020 and is aging, with average age now 15.5 years. The open hopper fleet is shrinking fast as coal cargoes decline, while covered barges have reached record levels, largely for agricultural cargoes.
A shrinking open fleet and high steel costs that slow new barge construction could tighten inland barge capacity, which tends to support barge freight rates for grain shippers.
waterwaysjournal.netDavid MurrayNov 5, 2021Not 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.
