- Barge traffic in Chicago has been declining for many years.
- More than seven million tons of freight shipped through the locks in Chicago are low-value bulk commodities like sand, stone and scrap metal.
- Seven million tons of this low-value cargo is the equivalent of only two loaded freight trains per day in a region that has an average load of approximately 500 freight trains per day.
- Extra transportation and handling costs associated with lock closure are less than $70 million per year or less than thirteen-one thousandths of one percent of Chicago's annual GDP. [Source: Wayne.edu]
So do you buy or sell CDS on the Asian Carp invasion? I found news clips from December 2009 when one Asian Carp was found in the Chicago Sanitary and Ship Canal. Also provided is John Taylor's speech and recent news.
Asian Carp Hunt Comes Up With Empty Nets (MichiganPublicRadio, 3-15-2010)
Wendella: Closing Chicago River would not keep out Asian carp (MarinaCityOnline, 3-10-2010)
Michigan Attorney General speaks on Asian Carp Issue (UpNorthLive, 3-6-2010)
Mayor Daley: Chicago shouldn't bear full cost of Asian carp (CSM.com, 3-5-2010)
Carp Solution Could Provide Financial Benefits (NYT, 3-5-2010)
Camp urges closure of Chicago locks to prevent Asian carp invasion of Great Lakes (mLive, 3-5-2010)
No Timeline for Decision on Closing Chicago Waterways (ChicagoPublicRadio, 3-3-2010)
Fight back on carp without shutting Chicago locks (DetroitFreePress, 3-21-2010)
Asian carp: Michigan report disputes cost of closing canal locks (CSM.com, 2-18/2010)
Indiana Attorney General to file brief supporting Asian carp suit (BusinessWeek, 2-18-2010)
Feds may close locks to stop Asian carp (ChicagoBreakingNews, 2-8-2010)
What discovery of Asian carp DNA in Lake Michigan means (mLive, infographic 1-21-2010)
Asian carp DNA found in Lake Michigan (ChicagoBreakingNews, 1-19-2010)