The effects of a sliding oil market and the coronavirus are starting to be felt by the nation’s largest tank barge operator, with Kirby Corp. posting a $248.5 million net loss for the first quarter of 2020.
The loss is notable as the Houston-based barge line had reported a profit of $44.3 million for the first four months in 2019 and had a relatively good financial year that included several important acquisitions and occurred despite difficult operating conditions caused by prolonged high water...