Harvest Accounting News

Seaway Traffic Hits 5-Year High

Richard Corfe, President of The St. Lawrence Seaway Management Corporation, today announced that the Seaway traffic results for the year to date have risen to levels not seen since the late 1990s. "Traffic has been brisk since the beginning of the year," stated Corfe. A sluggish economy and competition from other modes combined to reduce Seaway traffic and revenue in recent years. The Corporation responded with a new strategic plan focused on market development and innovation to take maximum advantage of the opportunities available for the Seaway system. "We can't claim responsibility for the upturn in the economy, which is certainly driving most of the traffic increase this year," admits Corfe.