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April 27, 2018

Cargo Movement on Great Lakes down 13 percent in March

The Lake Carriers' Association reports that freighters moved 1.8 million tons of cargo in March, a decrease of 13 percent compared to a year ago. However, the March float topped the month's 5-year average by more than 15 percent.

The Association says iron ore cargos for steel production dominated the month. Cargos totaled 1.4 million tons, a decrease of 17 percent.

March coal shipments dipped by more than half, but limestone cargos nearly quadrupled to 185,000 tons.

Year-to-date U.S.-flag carriage stands at 3.3 million tons, a decrease of 22 percent compared to the first quarter of 2017. (Only one cargo [limestone] moved in February.) Iron ore cargos are down by 20 percent. Coal trails a year ago by 70 percent, but limestone has more than quadrupled.

Source: Lake Carriers' Association