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Mike's Inc. has applied for permits to move its shipyard and fleeting area about 3 miles downstream on the Mississippi River, to a site it would own outright. The relocation would allow expansion of its vessel repair business and a fleet capacity of up to 40 barges.
The move expands barge repair and fleeting capacity on the Mississippi, which could modestly ease service bottlenecks for grain barge operators. The change is local and has little direct price impact.
waterwaysjournal.netDavid MurrayJul 20, 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.
