Barges, Towboats Forced to Watch Money Wash Away with Flood Waters. (Originated from St. Louis Post-Dispatch)

From: Knight Ridder/Tribune Business News | Date: July 26, 1993| Author: Manor, Robert | Copyright information

Jul. 26--For the barges and towboats stranded on the banks of the Mississippi River, the flood is a clock ticking away thousands of dollars an hour.

Barge executives and the Army Corps of Engineers say the flood, which has paralyzed the nation's inland river shipping for a month, is starting to run up a huge bill.

At least 2,000 barges and 50 towboats are frozen in place between Cairo, Ill., and Dubuque, Iowa, by high water. Their crews scrape paint, play cards and...