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Turn Services, a New Orleans-based fleeting and towing provider, completed its acquisition of Bayou Fleet, an 85-acre barge facility at Mile 125.5 on the Lower Mississippi in Hahnville, Louisiana. The company had first announced the deal about a month earlier.
The deal consolidates barge fleeting capacity on the Lower Mississippi, a corporate change with little direct effect on grain prices or freight rates.
waterwaysjournal.netWaterways JournalJan 18, 2021Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
