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A press release from FreightWeek STL reports that Informa Economics IEG presented its annual Barge Fleet Profile Report, covering fleet expansion and towboat dynamics. The analysts said the industry is emerging from overcapacity and has a governor on fleet growth.
A shrinking barge fleet tightens capacity over time, which can support higher barge freight rates for grain and meal movements on the river system.
maritimeprofessional.comPress ReleaseMay 25, 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.
