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Report: Idled Mississippi River fleet costs industry $1M per day

Aug 22, 2012 05:40 PM

About 100 vessels are stuck at 11-mile closure

(GREENVILLE, Miss.) -- The idling of the Mississippi River barge fleet due to low water is costing the industry $1 million per day, Time magazine reported. About 100 vessels are stuck while the Coast Guard enforces an 11-mile closure in the area of Greenville, Miss. It's the worst instance of low water for navigation since 1988.

Click here to view Time's story.

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