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The federal government awarded the Southeast Regional Port Authority in Scott City, Missouri, a $19.8 million grant for two 12,000-foot rail loop tracks. The loops will let unit trains move product between rail cars and river barges more easily.
Local grain handlers expect lower transport costs.
Rail-to-barge transfer capacity at a new public loop could lower freight costs for Missouri River and Mississippi grain and rice shipments. The effect on prices is local and the project is still in construction.
missourinet.comadminDec 10, 2018Not 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.
