Grain shippers brace for tight rail market

Sep 16, 2020 at 01:24 PM CST
Unlike harvests in recent years, there is stronger export demand from China following the Phase One trade deal in which China agreed to buy as much as $80 billion worth of U.S. agricultural goods over the next two years. “You’re going to see our supply chain tasked with having to do a lot,” said Soy Transportation Coalition Executive Director Mike Steenhoek. Although this is a good problem to have, “we’re anticipating that rail service will be aggressively used for the remainder of this year,” he said.

Sep 16, 2020 at 01:24 PM CST

Unlike harvests in recent years, there is stronger export demand from China following the Phase One trade deal in which China agreed to buy as much as $80 billion worth of U.S. agricultural goods over the next two years. “You’re going to see our supply chain tasked with having to do a lot,” said Soy Transportation Coalition Executive Director Mike Steenhoek. Although this is a good problem to have, “we’re anticipating that rail service will be aggressively used for the remainder of this year,” he said.