Word: cargoed
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...stockpiles are above average for this time of year, according to the Energy Department. The major Gulf Coast pipelines were up and running by the end of last week, albeit at reduced capacity. The Louisiana Offshore Oil Port, the nation's only deep-water tanker port, unloaded its first cargo since Aug. 27. Still, some analysts predict that disruptions in the supply chain mean motorists will be in for several more months of $3 gas or worse. "The only thing we can hope for is an amazing amount of conservation," says Houston oil analyst Matt Simmons...
Katrina hit just as the farm belt was gearing up for the fall harvest, and exporters may be forced to find ways around the blocked shipping channels in the lower Mississippi--a critical conduit for agricultural products. The U.S. exports about $600 billion in cargo through ports that were hit by the hurricane, and some 2,000-ton barges are literally stuck in the mud, says Larry Daily, president of Alter Barge Lines. "It's like you've clogged the pipeline for a week." Archer Daniels Midland, a major grain exporter, operates four grain terminals in Louisiana. Several hundred...
...large scale; it's too costly, and freight lines are already booked solid. It would take as many as 60 trucks to transport the 55,000 bu. of corn that would fit on a barge, says David Feider, a spokesman for the grain exporter Cargill. "We're not diverting cargo," he says. The prospect of corn being dumped on the domestic market has already depressed spot prices. But don't expect a break in the price of cornflakes. The corn in a 1-lb. box costs cereal makers just 3˘, a tiny part of the total cost, according to Robert...
...shelves now, and this Fall will see the release of another half dozen, with plans to release up to 15 titles a year for at least another two years. They plan on establishing a brand through content, design and price. All the books will be paperbacks of a uniform "cargo-pocket" size. They all run at about 100 pages, printed in full color on glossy paper. Best of all, the price point never exceeds...
...that buses are carrying only 15% of the usual volume of riders," said Sanbrano. She also received reports that at the city's big wholesale produce market downtown, the L.A. Terminal, sales activity was light, with many out-of-state truckers arriving to find no one to unload their cargo and few buyers. The USDA Agricultural Marketing Service later reported that sales were down between 75% and 95% compared to a normal Monday...