Bye Bye Barges?
“Mississippi River barge traffic” Bloomberg reports, “is slowing as the worst drought in five decades combines with a seasonal dry period to push water levels to a near-record low, prompting shippers to seek alternatives.” This could lead to a drastic switchover to rail and truck traffic – from shipments of crude oil and steel to foodstuffs, this is affecting large shippers like agriculture giant Archer-Daniels-Midland and others.
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