Floods Stall Inland Fertilizer Barge Shipments
Farm supplier CHS Inc has dozens of loaded barges trapped on the flood-swollen Mississippi River near St. Louis - about 500 miles from the company's two Minnesota distribution hubs.The barges can't move - or get crucial nutrients to corn farmers for the spring planting season - because river locks on the main U.S. artery for grain and fertilizer have been shuttered for weeks. High water presents a hazard for boats, barges and lock equipment.Railroads have also been plagued by delays from winter weather and flooding in the western Midwest…
U.S. Grain Prices Soar as Floods Shut Waterways
U.S. grain farmers scrambled to find shelter for their crops and handlers hunted for alternative transportation routes, as widespread floods shut waterways from Illinois to Missouri and spurred a surge in physical prices of corn and soybeans. The sudden jump in prices could complicate a months-long stand-off between farmers who are unwilling to sell their bumper crop at low prices and buyers who have refused to budge on their cash offers amid plentiful supplies. It could also further curb export demand, with U.S. traders struggling to compete with their cheaper Latin American rivals. Cash premiums for soybeans in the U.S. barge market…
Cargill to Build Grain Terminal in West Memphis
U.S. agribusiness Cargill Inc said it will build a grain handling facility in West Memphis, Arkansas, to purchase corn, sorghum, soybeans and wheat that the company could ship down the Mississippi River to U.S. Gulf Coast export terminals. Minneapolis-based Cargill, one of the world's largest private companies, said on Thursday it will invest $45 million in the terminal in West Memphis, located on the western bank of the Mississippi. The river is the main shipping route to the Gulf, where about 60 percent of all U.S. corn, soybeans and wheat exports exit the country. When completed, the elevator will be capable of loading up to eight barges daily and of holding up to five barges, Cargill said in a release that did not provide a timeline for the project.
WCI Names New Officers and Directors
Waterways Council, Inc. At its Annual Meeting on October 19 in Pittsburgh, the Board of Directors of Waterways Council, Inc. (WCI) elected the following new officers for 2011-2013: Chairman, Matt Woodruff, (Director, Government Affairs, Kirby Corporation); Vice Chairman, Steve Little, (President, Crounse Corporation); General Counsel, Dan Mecklenborg, (Senior Vice President, HR & Chief Legal Officer, Ingram Barge Company); Immediate Past Chairman, Rick Calhoun, (President, Cargo Carriers). All other officers were re-elected to their current positions.
Interview: Bareksten of CHS, Fortune 100
In the June edition of MarineNews, Jim Bareksten, Director, Government Affairs, CHS, Inc. spoke about the challenges facing his industry. CHS is a diversified energy, grains and foods company, a Fortune 100 company using river barges to transport some of its product. How did your company/the industry weather 2009? CHS performed very well during our fiscal 2009, in fact we recorded our fourth-best results in the 80 years since this cooperative business was founded. Our earnings were $381.4 million on revenues of $25.7 billion. The real key was the diversity of our operations.
The CEO “Six Pack”
For the third year running MarineNews was able to tap the minds of six prominent industry leaders in an attempt to deliver exclusive insights as to the direction of the workboat and shallow draft market for the coming years. • Al Anderson, Vice President of Government and Public Affairs, CHS Inc. • Rick Calhoun, President and Chairman, Cargill Marine and Terminal, Inc. • Steve Golding, President, Golding Barge Line, Inc. • Paul E. Mauer, President, Trinity Marine Products, Inc. MN: What is the most important message about the inland waterways industry that needs to be conveyed to the media and policymakers? Anderson: The most important…
Waterways Councinl Names New Officers, Directors
At its Annual Meeting held October 1 in Houston, the Board of Directors of Waterways Council, Inc. (WCI) elected the following officers and Executive Committee members for 2007-2008: Dan Mecklenborg, Senior Vice President, HR & Chief Legal Officer, Ingram Barge Company, Chairman; R. Barry Palmer, WCI, President and CEO; Steve Little, President and CEO, Crounse Corporation, General Counsel; Peter Stephaich, Chairman, Campbell Transportation Co., Secretary; Cherrie Felder, Vice President, Channel Shipyard, Treasurer. H. Merritt Lane III, President and Chief Executive Officer, Canal Barge Company; Peter Lilly, Chief Operating Officer--Coal, CONSOL Energy Inc., and Rick Calhoun, President, Cargo Carriers, were named as Vice-Chairmen.