CGB to Invest $30 mln in Indiana Port
Consolidated Grain and Barge Co. (CGB) announced plans today to expand its operations at the Port of Indiana-Mount Vernon, investing more than $31 million to increase its soybean processing capabilities in southwest Indiana. “Indiana is a state known around the world for building things and growing things, and because CGB plays a key role in both, this soybean processor is helping advance our economy,” said Governor Mike Pence. “After processing soybeans in southwest Indiana for nearly twenty years, CGB knows firsthand the benefits of operating in a state that works for business. CGB’s processing plant was constructed in 1997, at that time processing 65,000 bushels of soybeans each day into soybean meal, soybean oil and soy hull pellets for both food and industrial uses.
Barge Shipments of Brazil Soy Bound for US Midwest Crushers
Deep discounts for Brazilian soybeans are creating an unexpected new market with U.S. processors and animal producers far upstream in the heart of the Midwest farm belt where the beans will be shipped on barges. While light soybean imports by U.S. users along the Gulf and East Coast are not uncommon, it has been nearly two decades since South American supplies were unloaded at the Louisiana Gulf and towed up the Mississippi River to inland processors. The current trend reverses the usual flow of barge traffic and sees ports around New Orleans which usually load ocean-going ships with beans switching to unloading arrivals onto barges.
Waterways Council Names Officers & Directors
Richard R. (Rick) Calhoun, Cargo Carriers, Chairman; Cornel Martin, President & CEO; Merritt Lane, Canal Barge Line, Vice Chairman; Rodney Weinzierl, Illinois Corn Growers Association, Vice Chairman; Matt Woodruff, Kirby Corporation, Counsel; Peter Stephaich, Campbell Transportation Company, Secretary; Cherrie Felder, Channel Shipyard Company, Treasurer. Dan Mecklenborg, Ingram Barge Line Co., was named Immediate Past Chairman, and Berdon Lawrence, Kirby Corporation and Mark Knoy, AEP River Operations, were named Honorary Past Chairmen. Named to At Large positions were Michael Hennessey, CONSOL Energy Co.; Tim Parker, Jr., Parker Towing Company; Stephen Little, Crounse Corporation; and Dale Roth, Carpenter’s District Council of Greater St. Louis and Vicinity.
