Great Lakes shipping on board with recovery

Author:
Publish date:

Shipping in the Great Lakes region is rebounding from the bottom of the recession experienced in 2009.

WDIO cites a report from the U.S. Department of Transportation’s Maritime Administration that projects the industry is returning to pre-recession activity.

The report notes that in 2009, the Great Lakes maritime industry suffered a 33 percent drop in cargos due to the recession.

The rebound is especially promising for ports on Lake Superior. Iron ore, the single most important cargo for U.S.-flag ships, has almost fully recovered to pre-recession levels. The report said that iron ore and limestone are projected to grow as cargos over the next several years.

Next Up

Related