Great Lakes carriers move 83.7 million tons in 2018

Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.

Great Lakes carriers move 83.7 million tons in 2018

Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.

Great Lakes carriers move 83.7 million tons in 2018

Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.

 
The U.S.-flag Great Lakes fleet transported 83.7 million tons of cargo in 2018, a decrease of 2.3 percent compared to the year prior, according to the Lake Carriers’ Association.
    Coal shipments experienced the biggest dip among these carriers in 2018 at 11.8 million tons, a decrease of 11.4 percent compared to 2017.
    Iron ore cargoes in 2018, compared to the year prior, decreased 0.4 percent for 45. 8 million tons transported.
    The Lake Carriers’ Association said the iron ore volumes were “noteworthy,” since transport delays in March and April due to heavy ice resulted in the trade’s volume being setback 16 percent by the end of the April.
    “In fact, the U.S. and Canadian Coast Guards continued to break ice in Whitefish Bay at the eastern end of Lake Superior and the St. Marys River that connects Lake Superior to the lower four Great Lakes into May,” the association said in a statement.
   Limestone loads, another major cargo transported by the U.S.-flag Great Lakes carriers, approached 22 million tons in 2018, an increase of 1.9 percent over the previous year.
    Most U.S.-flag lakers have now arrived at their winter berths. According to the Lake Carriers Association, two vessels in the ore/stone/coal trade are heading to their lay-up docks, while two cement carriers currently remain in service.
    The association represents 13 American companies that operate 45 U.S.-flag vessels on the Great Lakes.

On April 2, 2019, Gambia became the 22nd country to ratify the African Continental Free Trade Area, meeting the minimum threshold needed for the agreement to move forward. 

While UP, CSX and KCS have already reported their Q1 2019 results, CP will report its results on April 23, followed by Norfolk Southern on April 24 and CN on April 29.

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Great Lakes carriers move 83.7 million tons in 2018

Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.

Jan 23, 2019 on Dec 27, 2018AmericanShipper.com

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Great Lakes carriers move 83.7 million tons in 2018

Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.

Jan 23, 2019 on Dec 27, 2018AmericanShipper.com