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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 1993 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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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...