By Nelson Spencer Jr. and Shelley Byrne With a strong balance sheet and a focus on investing in its future, American Commercial Barge Line (ACBL) has emerged from its pre-packaged… Read More
Kirby Corporation
Reduced demand from the ongoing COVID-19 restrictions combined with hurricanes to drop barge utilization rates and lower inland revenues by 22 percent, Kirby Corporation announced as it released its third-quarter… Read More
Kirby Corporation announced July 30 that its net earnings for the second quarter were $25 million, or 42 cents per share, a sharp reduction from the $47.3 million (79 cents… Read More
The venerable Daytona, a fixture in the liquid trade for most of its 46-year history, is entering a new chapter in its life as the Stacy Lynn upon joining the… Read More
In its first-quarter earnings report May 5, Kirby Corporation reported that its marine transportation segment overcame unfavorable operating conditions and a near-record number of delay days to generate higher revenues… Read More
Kirby Corporation’s reported first-quarter results were just beginning to show the effects of COVID-19 on its operations. Despite 4,490 delay days, average barge utilization remained in the low- to mid-90… Read More
Kirby Corporation announced April 2 that it has completed the acquisition of Savage Inland Marine’s inland barge fleet, announced January 30. The total consideration paid was approximately $278 million and… Read More
All six barges that were blown ashore by Hurricane Harvey 30 months ago have been removed from San Jose Island, a barrier island and wildlife refuge off the Texas coast,… Read More
Kirby Corporation announced January 30 that it had signed a definitive agreement to acquire the inland marine fleet of Savage Inland Marine for approximately $278 million in cash and the… Read More
Privately owned San Jose island, one of the barrier islands off the Texas coast, has its own website, which notes that the island, while “historically a ranch…is managed principally for… Read More
