US-flag Lakes Cargos Down Almost 10% in July
Posted by Michelle Howard
Friday, September 2, 2016
U.S.-flag Great Lakes freighters (lakers) moved 9.85 million tons of cargo in July, a decrease of 9.5 percent compared to a year ago, the Lake Carriers’ Association (LCA) reports. The July float was also 9 percent below the month’s five-year average.
Iron ore cargos for the steel industry totaled 4.6 million tons, a decrease of 3.4 percent compared to a year ago. Coal shipments to power plants and steel mills fell to 1.7 million tons, a decrease of 25 percent. Limestone loads for construction projects and steel production totaled 2.9 million tons, a decrease of 10 percent compared to a year ago.
Year-to-date U.S.-flag carriage stands at 40.4 million tons, a decrease of 5 percent compared to the same point in 2015. Iron ore cargos are up 4.8 percent, but coal cargos have dipped 27 percent. Limestone shipments trail last year by 4.5 percent.