Shipments of iron ore on the Great Lakes totaled 4.7 million tons in October, a decrease of 15 percent compared to a year ago, the Lake Carriers' Association reported Tuesday, Shipments were below the month’s five-year average by 10.8%.

Year-to-date the iron ore trade stands at 33.9 million tons, a decrease of 20.9% compared to the same point in 2021.

Through October iron ore loadings are 18.95 percent below their five-year average for the January-October timeframe.

Since 1880, the LCA has represented the U.S.-flag Great Lakes fleet, which can move more than 90 million tons of cargos including iron ore, stone, coal, cement, and other dry bulk materials such as grain, salt, and sand.