Spring Floods Still Drowning Midwest
Grain carloads leaving region is still trying to play catch up
Even though it’s October, reminders of the devastating March floods in the western Corn Belt haven’t faded, reports FreightWaves.
Roads are still closed, farms drowned, and the volume of grain carloads leaving the region is still trying to play catch up.
The latest data from FreightWaves SONAR shows that grain carloads have been down year-over-year since the harvest began, and will likely stay below last year’s levels through the rest of the season.
Railroads moving corn from the Midwest are feeling more strain from low production in comparison to eastern railroads, which are moving corn from the more productive South.
Read the full report at FreightWaves.