摘要: |
After suffering big losses as demand for barging plummeted in the early days of the pandemic, business over the past year has been steadily improving across all barging sectors. Operators are busy again moving cargo along inland rivers, including an unusual bump in coal exports, effects of the pandemic appear to be waning, and many companies report that demand has returned to pre-pandemic levels. Movements of construction and steel materials are strong, reflecting spring construction season demand and an infusion of federal infrastructure money, coal and corn are on the move to export markets disrupted by the war in Ukraine, and refined petroleum and petrochemicals have rebounded as refineries have fired up production. Strong barge utilization coupled with scant new barge construction due to high steel prices have kept barge supply tight and freight rates elevated. |