# Plaquemines Port Harbor Trade group proposes Memphis hub for river cargo

> A Louisiana trade group announced a letter of intent to explore ocean-going container ships that would call regularly at the Port of Memphis. American Patriot Holdings says it has bought the design for a fleet of river-capable ships carrying up to 2,375 containers. The proposal is at an early exploratory stage.

- Date: 2020-08-13 · published 2020-08-13T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/51512-plaquemines-port-harbor-trade-group-proposes-memphis-hub-for-river-cargo
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The proposal is early-stage and would only shift some container imports from rail to river, so it has little near-term effect on grain or feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-10 | [River Transport Provides Competitive Service for Farmers - MFA Oil](https://feedsoft.ai/events/69859-river-transport-provides-competitive-service-for-farmers-mfa-oil.md) | -3.8% | -3.6% |
| CORN | 2017-05-09 | [Mississippi River traffic closure causes slowdown for SEMO Port Authority](https://feedsoft.ai/events/70895-mississippi-river-traffic-closure-causes-slowdown-for-semo-port-authority.md) | +0.6% | +1.9% |
| CORN | 2017-05-01 | [Grain trades drive Black Sea ports ‣ WorldCargo News](https://feedsoft.ai/events/70859-grain-trades-drive-black-sea-ports-worldcargo-news.md) | +1.1% | +4.2% |
| CORN | 2021-07-23 | [EXCLUSIVE Historic low river levels force Argentine grains ships to cut cargoes by 25%, ports chamber says](https://feedsoft.ai/events/45897-exclusive-historic-low-river-levels-force-argentine-grains-ships-to-cut-cargoes.md) | -1.1% | -2.6% |
| CORN | 2023-10-01 | [Five more cargo ships head for Ukraine's Black Sea ports, deputy prime minister says \| Reuters](https://feedsoft.ai/events/14355-five-more-cargo-ships-head-for-ukraine-s-black-sea-ports-deputy-prime-minister.md) | +2.7% | +2.6% |
| SOY | 2017-07-10 | [River Transport Provides Competitive Service for Farmers - MFA Oil](https://feedsoft.ai/events/69859-river-transport-provides-competitive-service-for-farmers-mfa-oil.md) | -1.1% | -4.7% |
| SOY | 2017-05-09 | [Mississippi River traffic closure causes slowdown for SEMO Port Authority](https://feedsoft.ai/events/70895-mississippi-river-traffic-closure-causes-slowdown-for-semo-port-authority.md) | +0.9% | -3.4% |
| SOY | 2021-07-23 | [EXCLUSIVE Historic low river levels force Argentine grains ships to cut cargoes by 25%, ports chamber says](https://feedsoft.ai/events/45897-exclusive-historic-low-river-levels-force-argentine-grains-ships-to-cut-cargoes.md) | +1.3% | -6.6% |

## Sources

- commercialappeal.com: https://www.commercialappeal.com/story/money/2020/08/13/plaquemines-port-harbor-trade-group-proposes-memphis-hub-river-cargo/3365353001/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.