High barge rates on the Ohio, Mississippi and Missouri rivers
11/25/2024 9:40:40 PM
CATEGORIES:
Business & Industry
Water Supply & Quality
AFFECTED AREAS:
Arkansas
Iowa
Illinois
Indiana
Kansas
Kentucky
Louisiana
Minnesota
Missouri
Mississippi
Montana
North Dakota
Nebraska
Ohio
South Dakota
Tennessee
Wisconsin
West Virginia
Start Date: 4/16/1988
- End Date: 6/16/1988
Barge rates on the Ohio, Mississippi and Missouri rivers were extremely high as drought reduced river levels, making navigation very difficult. Panicky buying on June 15 sent barge rates up about 25% to record highs on the St. Louis Merchants Exchange.
Journal of Commerce (New York, N.Y.), June 16, 1988
Sources
