Shipping Costs Double -- Memphis Railroads Will Benefit From Investments
The Commercial Appeal (2007-Current) › November 26, 2007
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Summary
The declining dollar has sparked such a buying binge of U.S. farm commodities, exporters are struggling to find room on steamships and enough containers to carry all the wheat, soybeans and cotton.
With the scarcity have come big upticks in price, including $300- per-container hikes expected both Dec. 1 and Jan. 1 for grain shipments.See the full content of this document
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Shipping Costs Double -- Memphis Railroads Will Benefit From Investments
"We knew there would be increases, but no one expected so many," said Neeley Mallory III at Mallory-Alexander International Logistics. "It's making U.S. goods more expensive."
In 18 months, the...See the full content of this document
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