Cargo movement on Great Lakes decreased 12.5 percent in May

The Lake Carriers’ Association reports that its members moved 9.5 million tons of cargo in May, a decrease of 12.5 percent compared to a year ago. The May float was also 5 percent below the month’s 5-year average.

Iron ore cargos for the steel industry totaled 4.7 million tons, a decrease of 12.4 percent compared to a year. Coal shipments to power plants and steel mills fell to 1.4 million tons, a decrease of nearly 28 percent. Limestone loads for construction projects and steel production totaled 2.9 million tons, a virtual repeat of a year ago.

Year-to-date U.S.-flag carriage stands at 20.9 million tons, a decrease of 2 percent compared to the same point in 2015. Iron ore cargos are up 7 percent, but coal cargos have dipped 28 percent. Limestone shipments are essentially on pace with a year ago.

Source: Lake Carriers’ Association

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