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The Mississippi River may reopen to barge traffic within 24 to 48 hours, according to people briefed on the situation. The reopening depends on a second engineering review of the cracked Interstate 40 bridge.
A priority plan puts a Defense Department shipment first, followed by fuel barges to replace supplies disrupted by the Colonial Pipeline outage.
A quick reopening would ease the grain export bottleneck and reduce barge freight rates. Fuel barge priority also signals tight refined product supply in the Southeast.
airfreight.newsBloombergMay 13, 2021Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
