The ongoing effects of the COVID-19 pandemic, which have hit the oil industry especially hard, and the effects of the major winter storm in February combined to hit the… Read More
Savage Inland Marine
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… Read More
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… 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… 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… 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… 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… Read More
Cleanup efforts are almost complete at Jamie Whitten Lock at Mile 412 on the Tennessee-Tombigbee Waterway following an early September incident that led to the release of crude oil into… Read More
Note: This is an update of an earlier post that appeared on waterwaysjournal.net December 28, 2018. This update includes quotes from officials of Savage Inland Marine and Progressive… Read More
Savage Inland Marine announced December 28 it has acquired the assets of Progressive Barge Line, one of the largest bunkering and tank barge operators in the Port of New Orleans. The deal… Read More
