Mississippi River levels continue to drop; barge rates continue to rise

by George Jared (gjared@talkbusiness.net)

Weeks of little to no rain are compounding barge problems on the Mississippi River, and the drought-like conditions that have dried up the river’s tributary system throughout the upper and lower Delta region are predicted to worsen.

Barge rates near Memphis have yet to hit the heights of October 2022, but the rates did see significant increases at the end of August. A slight retreat during the first week of September was promptly erased by an increase the week of Sept. 12.

Last year, the river level sank to a record minus 10.81 feet at Memphis during harvest time, stopping barges for two days and sending barge freight rates to a record high of nearly $90 per ton of grain. As of Sept. 5, the river level declines have caused barge rates to increase to $30 per ton.

Mississippi River levels continue to drop; barge rates continue to rise - Talk Business & Politics