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At the Inland Marine Expo in St. Louis, IHS Markit's keynote said the post-pandemic economy is expanding rapidly. It noted that U.S. companies are struggling to find workers, partly due to ongoing stimulus and expanded unemployment payments.
The outlook was that barged commodities should benefit overall despite uneven sector performance.
Strong economic growth supports demand for bulk commodities moved by barge, which can firm freight rates and feed-grain demand. Labor shortages could still constrain logistics capacity.
waterwaysjournal.netDavid MurrayMay 28, 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.
