Great Lakes Winter Supply Chain – A Cause for Concern
As the temperatures start their annual decline on the Great Lakes, an icy chill is in the air. Shipping companies across the lakes are rushing to get final loads of critical raw materials from the northern lakes to the manufacturing facilities on the lower lakes. The gales of November began blowing in October this year, tightening the constraint on the remaining days before the large navigational lock in Sault Ste. Marie, Mich.
Great Lakes Shipping Companies Navigate Market Challenges Ahead
For U.S.-flag shipping on the Great Lakes, 2019 was a good year. Total cargos were 90 million net tons, up 7.5% over 2018 and 4.6% over the five-year average. 49.7 million net tons of iron ore were shipped, up 8.5% over 2018 and 11.7% over the five year. Limestone was up 9.7% over 2018 and 10.2% over the five-year average. In 2010 and 2011, coal and limestone were each about 20 million net tons. Since then…