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Seacor Holdings reported lower second-quarter 2019 operating results for its inland transportation unit, SCF Marine, as flooding disrupted bulk transportation. Flooding closed the St. Louis harbor for 45 days during the quarter, and St. Louis-area terminal volumes fell about 60 percent year over year.
Dry-cargo barge pool revenues declined, partly offset by lower towing costs.
Prolonged river closures cut barge capacity and grain movements out of the Midwest, which tends to widen Gulf export basis and raise barge freight rates for feed ingredients.
waterwaysjournal.netWaterways JournalAug 19, 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.
