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Brighter Days Ahead For Barged Commodities
| 题名： | Brighter Days Ahead For Barged Commodities |
| 正文语种： | eng |
| 摘要： | As Americans get vaccinated and return to more normal buy-ing, dining out and driving, the economy is heating up. At the end of March, the S&P Global Ratings site said that all the indi-cators point to a "seismic [positive] shift" in the economic out-look compared to December 2020. The U.S. economy is cur-rently forecast by IHS Markit to grow by 6.2 percent this year, the fastest pace since 1984.The National Retail Federation reports that the "unprece-dented" surge of imports at retail container ports that began last summer is expected to continue at least through the end of this 'summer as retailers work to meet increased consumer demand,according to the monthly Global Port Tracker report released by the NRF. American personal saving rates climbed during the pandemic, and thanks to several aid packages, households have enough savings and pent-up demand to fuel a spending boom.Those containerized consumer goods will likely be moved by rail and truck. What about bulk and barged commodities? The USDA is reporting and forecasting continued high demand for U.S. corn, soybeans and other ag products from China and other overseas markets. Grain inspections are up at Gulf, Atlantic and PNW ports. The retail import surge could complicate a contain-er imbalance that is already disadvantaging certain exporters of specialty grains and other U.S. ag products. Imported fertilizer prices are also high, due in part to a ruling in a trade dispute with Russia and Morocco, but eager corn and soybean farmers plant-ing more acres will have to pass that cost on. |
| 出版年： | 2021 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 135 |
| 期： | 3 |
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