Good Year for the Barges

Tank barge utilization rates in US coastal and inland waterways are running at 80 to 90 percent of capacity this year. Those are really good numbers.The logistic challenges raised by transporting growing US domestic onshore crude production to refineries on the East Coast and in the Gulf Coast Region have led to greater tank barge utilization. These vessels could also soon be moving crude down the West Coast from Washington State to California. Today we dive into this niche waterborne market.