Tonnage of grain transported by barge increases significantly from last week’s totals
November 18, 2021
For the week ending November 13, grain shipments by barge totaled 888,754 tonnes. This was 45% more than the previous week and 4% less than the same period last year. For the week, 13,557 grain barges descended the river, 180 barges more than the previous week. There were 908 grain barges unloaded in the New Orleans area, 3% more than last week.
For the week ending November 11, 39 ocean-going grain vessels were loaded in the Gulf, down 5% from the same time last year. Over the next 10 days (from November 5) 64 ships were to be loaded, 3% less than the same time last year. As of November 11, the tariff for shipping a metric ton (mt) of grain from the Gulf of the United States to Japan was $ 78. It was 8% less than the previous week. The Pacific Northwest tariff in Japan was $ 42.00 per tonne, down 7% from the previous week
The recently signed Infrastructure Investment and Jobs Act will invest around $ 17 billion in port and river infrastructure. About two-thirds of this funding is expected to be used for major habitat construction and restoration projects, and the remainder for operations and maintenance and other projects. The law includes a total of $ 2.5 billion in 100% federal funding for authorized US Army Corps of Engineers (USACE) construction and major rehabilitation projects on inland waterways. Projects will be prioritized on the basis of recommendations included in the USACE 2020 capital investment strategy. USACE’s O&M account under the civil works mission is expected to receive $ 4 billion. Within 60 days of the bill’s enactment, USACE’s chief engineers must submit a project-specific spending plan to the House and Senate Appropriations Committees.
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