Turnaround in Great Lakes coal shipments?
Coal shipments on the Great Lakes were down only 5 percent in October compared to a year ago, the smallest decrease registered yet this year.
In previous months, the decline has ranged from 17 percent to nearly 100 percent, reported the Lake Carriers Association on Tuesday.
“Whether or not the October total — 3.7 million net tons — announces a turnaround for the trade remains to be seen. Much will depend on if utilities foresee growing demand for power during the winter and hence the need to increase stockpiles during the final 2.5 months of navigation,” the group said.