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The National Grain and Feed Association announced on July 14 a partnership with National Grain and Feed Digital Solutions to oversee the Barge Digital Transformation platform. The platform aims to digitize the 70,000 to 100,000 negotiable barge bills of lading that NGFA members process annually.
Digitizing barge paperwork could cut transaction costs and speed up river shipments, which may modestly lower effective barge freight costs over time. The impact on prices is limited and will take years to materialize.
waterwaysjournal.netWaterways JournalJul 20, 2020Not 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.
