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Tank barge demand on the US inland river system is rising as crude and petroleum product volumes shipped between PADD regions increase. Barge rates are recovering after a period of overbuilding and depressed pricing, with capacity having been pared back.
The article focuses on petroleum rather than grain.
Tighter tank barge capacity on the Mississippi system mainly affects petroleum freight, with little direct effect on grain barge rates. Any spillover into dry-cargo barge availability would be indirect.
freightwaves.comGreg MillerJul 29, 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.
