# Seacor Reports Lower Second-Quarter Earnings - The Waterways Journal

> 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.

- Date: 2019-08-19 · published 2019-08-19T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/57766-seacor-reports-lower-second-quarter-earnings-the-waterways-journal
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

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.

## Read by commodity

- BARGE: bullish ▲

## Sources

- waterwaysjournal.net: https://www.waterwaysjournal.net/2019/08/19/seacor-reports-lower-second-quarter-earnings/

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