October cargoes dip nearly 14 percent for U.S. lakers

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

(CLEVELAND) — U.S.-flag Great Lakes freighters (lakers) carried 9.7 million tons of cargo in October, a decrease of 13.7 percent compared to a year ago, and a decrease of 0.6 percent compared to the month’s long-term average. 

Iron ore cargoes decreased 21.8 percent compared to a year ago. Coal cargoes decreased 7 percent. Limestone loadings dipped a little more than 1 percent.

Year to date, U.S.-flag cargoes total 71.9 million tons, an increase of 0.9 percent compared to the same point in 2014, but a decrease of 1.3 percent compared to the long-term average for the January-October time frame. 

Iron ore cargoes have decreased 6.3 percent compared to a year ago. Coal shipments are up 6.5 percent. Limestone loadings have increased 10 percent.

The Lake Carriers’ Association represents 15 American companies that operate 56 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