Major shipping delays and backlog of vessels after region experiences lack of rainfall in recent weeks
The water in the Mississippi River has dropped so low that barges are getting stuck, leading to expensive dredging and at least one recent traffic jam of more than 2,000 vessels backed up.
The Mississippi River Basin produces nearly all – 92% – of US agricultural exports, and 78% of the global exports of feed grains and soybeans. The recent drought has dropped water levels to alarmingly low levels that are causing shipping delays, and seeing the costs of alternative transport, such as rail, rise.
Continue reading...