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U.S. Gulf Freight Hit by Hurricane Harvey


(Mike King & Will Waters – Lloyd’s Loading List)

Large parts of the US Gulf’s transport system were still in shutdown mode today as ports, roads, railroads and airports remained closed, or were operating at reduced capacity at key choke points, following the catastrophic flooding delivered by Hurricane Harvey over the last three days.

Harvey, now downgraded to a tropical storm, has resulted in major disruption to freight operations across large parts of Texas and Louisiana, with many transport arteries and hubs closed or congested – especially around Houston, where more than 30,000 people have been forced from their homes and at least nine people are reported to have died.

The Port of Houston’s facilities were set to remain closed today due to the continued threat of extreme weather conditions and the port said it would continue to monitor the developing weather conditions to determine whether operations can safely resume tomorrow. Freight rates for truck and intermodal solutions are expected to spike due to a shortage of supply, according to analysts. Click here to read more.

Related: Energy Stocks Pummeled Again as Harvey Dumps More Rain on Texas (MarketWatch)