Lakes iron ore trade up 14 percent in January

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The following is the text of a news release from the Lake Carriers' Association:

(CLEVELAND) — Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 2,468,706 tons in January, an increase of 14.4 percent compared to a year ago. However, shipments were 10.3 percent below the month’s five-year average.

The Lake Carriers’ Association represents 13 American companies that operate 49 U.S.-flag vessels on the Great Lakes and carry the raw materials that drive the nation’s economy: iron ore and fluxstone for the steel industry, aggregate and cement for the construction industry, coal for power generation, as well as salt, sand and grain. Collectively, these vessels can transport more than 100 million tons of cargo per year. More information is available at www.lcaships.com.

By Professional Mariner Staff