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Business at the Port of Little Rock's barge operations has slowed after the cancellation of the Keystone XL pipeline. Welspun Tubular, the port's largest recent tenant, had relied on steady inbound steel barges for pipe made for that project.
The loss has reduced outbound barge traffic on the Arkansas River.
Reduced barge demand on the Arkansas River weakens the economics of river shipping in the region, which can lower barge availability and raise freight costs for grain and feed movements. The effect on grain prices is minor.
arkansasonline.comNoel OmanMar 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.
