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Barge executives say the industry is hit by a double whammy of excess capacity and weak demand. Fleets built during the oil and coal boom now chase less cargo as fracking-related sand and crude hauling and coal exports have declined.
Oversupplied barge capacity keeps river freight rates depressed, lowering transport costs for grain shipped down the Mississippi but squeezing barge operators' margins.
ibjonline.comFeb 4, 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.
