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1. TRANSPORTATION:

Drought hurts shipping industry, raises prices

Drought in the Midwest has reduced water levels on the Mississippi and Ohio rivers, potentially costing the shipping industry hundreds of millions in lost profits, industry experts said this week. A dwindling water supply has forced barges to cut back on cargo loads, meaning more trips and less revenue. It has also increased the likelihood of river blockages, an issue that squanders both private and public resources.

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