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U.S.-Flag Lakers' October Cargo Up 3 PCT

U.S.-flag Great Lakes freighters (“lakers”) carried 9.8 million tons of dry-bulk cargo in October, a weather-driven decrease of 3 percent compared to September, but an increase of 3.2 percent compared to a year ago. The October float was 5 percent below the month’s 5-year average, but the decrease partially reflects the significant weather-related delays the fleet experienced. Iron ore cargos for the steel industry increased 12.8 percent compared to a year ago.