In a time when everyone is talking about the need to increase business, one industry quietly saw an increase last year.
Excerpt: Shipments of bulk cargo such as iron ore on the Great Lakes jumped by one-third last year, a hopeful sign for a region battered by the recession, an industry spokesman said Wednesday.
The Lake Carriers Association credited a gradually healing economy for the increase in waterborne transport of coal, limestone, sand and other raw materials. But the dramatic statistical improvement in 2010 also reflects the industry's dismal showing the previous year.
"We obviously have a ways to go," said Glen Nekvasil, spokesman for the association, which represents 18 companies that operate 55 U.S.-flagged vessels on the Great Lakes.
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Source: Wall Street Journal
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