Overall cargo movements through the St. Lawrence Seaway in July were down
12.5 percent from 2012, the St. Lawrence Seaway Management Corporation (SLSMC)
According to a statement released today, year-to-date cargo shipments for
the period March 22 to July 31 were 15.3 million metric tons. Overall, cargo
categories were mixed. U.S. grain continued to be the dominant cargo
shipment in July with a 35 percent jump over the same period in 2012.
But lower steel production throughout most of the Great Lakes region
continues to reduce the need for iron ore and coal. Both commodities were
down in July by 16 and 3 percent respectively. Within the dry bulk category,
however, scrap metal was up 40 percent as well as pig iron at 7 percent.
Additionally, liquid bulk shipments showed a slight increase of 1.5 percent
to 1.7 million metric tons.
“The Great Lakes-St. Lawrence Seaway maritime industry supports 227,000 jobs
in the U.S. and Canada, and annually generates $14.1 billion in salary and
wages, $33.5 billion in business revenue, and $4.6 billion in federal,
state/provincial and local taxes,” the SLSMC said. “North American farmers,
steel producers, construction firms, food manufacturers, and power
generators depend on the 164 million metric tons of essential raw materials
and finished products that are moved annually on the system. This vital
trade corridor saves companies $3.6 billion per year in transportation costs
compared to the next least-costly land-based alternative.”