U.S. barge shipping costs spike
Author
Published
9/20/2021
Barge freight costs for moving grains from the Midwest to coastal export ports spiked last week due to ongoing logistical problems more than two weeks after Hurricane Ida hit Louisiana, Reuters reported.
Ida devastated the region’s power grid and damaged some of the nearly dozen grain terminals along the Mississippi River from Baton Rouge to the Gulf of Mexico that form the busiest U.S. grain export hub.
CHS Inc., a farmer cooperative and grain trader, said it expects its Myrtle Grove, Louisiana, grain export terminal to be operational by the height of the U.S....
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