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The Waterways Journal's annual review describes 2017 on US inland waterways as marked by continued low barge rates, lock closures during harvest, and natural disasters. It notes that coal cargo collapsed and pipeline growth absorbed liquid cargoes, and that the towing industry faces a Subchapter M deadline of July 20, 2018.
Persistently low barge rates and repeated lock closures lower the cost of moving grain down the Mississippi and Illinois rivers, which supports Gulf export basis but adds logistical risk during harvest peaks.
waterwaysjournal.netDavid MurrayDec 18, 2017Not 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.
