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phantom power

(25,966 posts)
Sat Jul 28, 2012, 04:48 PM Jul 2012

Drought diminishes mighty Mississippi, puts heat on Congress

One year after its waters swelled to historic proportions, the lower Mississippi River now sits so low that barge operators hauling some $180 billion in goods must lighten their loads for fear of getting stuck.

If water levels drop any lower, industry insiders say, prices could rise on the raw commodities commonly shipped by boat -- coal, grain, petroleum and steel, to name a few.

"The main thing that they're doing now is voluntarily reducing the size of their tows ... so they're having to take more trips to carry their normal volume of commodities," said Ann McCulloch, spokeswoman for American Waterways Operators, a national trade association representing tugboats, tow boats and barges.

"This will drive up transportation costs if it continues over a long period of time," she said.

http://news.yahoo.com/drought-worsens-despite-rains-midwest-144514960.html
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