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River Transport News publisher Sandor Toth discussed challenges facing the U.S. barge industry, which moves over 600 million tons of products annually. He noted coal barge shipments have fallen from 160 million tons to under 90 million tons as low natural gas prices close coal plants.
Lower coal volumes reduce barge demand and utilization, which can weigh on barge freight rates that affect grain movement costs. The effect on grain prices is indirect.
freightwaves.comJack GlennOct 23, 2019Not enough comparable past events yet for a historical read.
After 93 past logistics events, Natural Gas moved a median -3.6% over 5 sessions (39% higher; middle half -10.7% to +4.7%), and -0.3% 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.
