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SEACOR AMH's container-on-barge business has grown rapidly as U.S. plastic resin exports rise. The service feeds empty containers to exporters and moves loaded containers to New Orleans for export.
The company says demand is driven largely by resin export growth.
Growth in non-grain barge volume adds demand for barge capacity on the Mississippi, which can modestly support barge freight rates. The effect on feed commodity prices is minimal.
freightwaves.comChris DupinNov 21, 2019Not 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.
