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Marinelink reports that American Patriot Container Transport is pursuing container-on-vessel service on the Mississippi for the St. Louis region. CEO Sal Litrico presented the concept at late-August St. Louis Regional Freightway forums.
He claimed shippers could save 30 to 40 percent without losing frequency or reliability.
The proposal is still in planning and mainly concerns containerized cargo, so it has little direct effect on feed-grain prices. It could eventually add cheaper all-water options for Midwest shippers.
marinelink.comJoseph KeefeSep 14, 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.
