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Shipping season hits Great Lakes hard as steel slump widens
Lake Carriers' Association president says the shipping season sees the worst tonnage since the 1930s downturn. Iron ore, coal, and grain moved 38.4 million tons this season, down from 47 million last year, with June figures showing a dramatic drop in ore, and layoffs rising to 1,500 for Great Lakes sailors. Some sectors, like coal and grain, show gains, while Lorain and Lorain Port face sharp declines. Port authorities report overall improvement in Cleveland and increased foreign vessel traffic as optimism returns.
MENTIONED IN THIS ARTICLE
Lake Erie
Cleveland
Great Lakes
UPI
Paul Trimble
Lake Carriers’ Association
Port Authority
Lake Shippers
Trimble
Great Lake
Five Lakes
Mark Olson
Superior
Wis
U.S. Steel
Lorain
John Sulpizio
Tim McDonald
Bessemer and Lake Erie Railroad
Europe
Japan
Bessemer
Conneaut