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Floods raising freight rates, washing away revenues

Jun 13, 2019 at 07:55 AM CST

Hundreds of barges remain stalled on the Mississippi River, blocking the main artery of the Farm Belt economy that has been devastated by a spring season full of relentless torrential rains and the melting of record-setting snowfalls. Railroads and highways have been closed as well, limiting the amount of crops sent to market.