Waterborne volume for limestone fell 20 percent to 2.9 million tons versus a year ago and trailed the five-year average for the month by 28 percent. Year-to-date limestone trade is down 17 percent to 5.1 million tons, compared to the first five months in 2010, and down 28 percent compared to the five-year average for the same period. Shipments from U.S. quarries fell 14 percent in May, year-over-year, and are 26 percent off May's five-year average. Loadings at Canadian quarries slipped by almost 40 percent compared to a year ago and the month's five-year average.
Glenn Nekvasil, vice president of the Lake Carriers' Association, attributed the decline to the weak construction market in the Great Lakes region. About 65 percent of the stone transported on the Great Lakes is aggregate for construction.
Great Lakes coal shipments fell 7.5 percent in May compared to the same month in 2010 and loadings were off 26.2 percent from the five-year average for the month.
Year-to-date, the coal trade stands at 6.5 million tons, a decrease of 3.2 percent compared to a year ago. Shipments are nearly 20 percent off the five-year average for the January-May timeframe.
Nekvasil said his members are hauling less coal because the Canadian province of Ontario is phasing out the use of coal in power plants by the end of 2014 and utilities have already begun to changeover to alternative sources of energy. ' Eric Kulisch
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now