kirby

Kirby Corporation reports increased earnings

America’s largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX), has reported net earnings for the quarter ended September 30, 2023 of $63.0 million or $1.05 per share. That’s up on its earnings of $39.1 million or $0.65 per share for the 2022 third quarter. Consolidated revenues for the 2023 third quarter were $764.8 million compared with $745.8 million reported for the 2022 third quarter.

These figures were slightly below analysts expectations, and Zacks Equity...

https://www.marinelog.com/inland-coastal/kirby-corporation-reports-increased-earnings/

Kirby reports profitable first quarter

Houston-headquartered Kirby Corporation (NYSE: KEX) today announced results for the first quarter ended March 31, 2022, Earnings in the quarter were $17.4 million or $0.29 per share, compared with a loss of $3.4 million, or $0.06 per share for the 2021 first quarter. Consolidated revenues were $610.8 million compared with $496.9 million in the 2021 first quarter.

“Kirby’s businesses continued to gain momentum with improved market conditions and increased demand, delivering sequential and...

https://www.marinelog.com/inland-coastal/kirby-reports-profitable-first-quarter/

Refined product drop hits inland marine sector

Not surprisingly, the Covid-19 pandemic has put a dent in the refined product volumes inland barge operators transport from refineries and chemical plants, particularly along the Gulf Coast, which houses half of the nation’s oil refining capacity.

With  Gulf Coast refinery and petrochemical plant utilization hovering between 70% and 75% going into the third quarter, Kirby Inland Marine saw the utilization rate of the nation’s largest inland tank barge fleet decline by around 20% from early April...

https://www.workboat.com/news/coastal-inland-waterways/refined-product-drop-hits-inland-marine-sector/

Career Tracks: Crane Worldwide and American Commercial Barge

Crane Worldwide Logistics has hired Brannon Kuykendall as chief information officer.

Headquartered in Houston, Crane Worldwide said the appointment was part of its strategy to focus on technology, service and people to drive business growth beyond 2020. Crane Worldwide, which celebrated 12 years of operations on Friday, said it provides clients with a predictive command center using a centralized dashboard to provide at-a-glance visibility.

Crane Worldwide said Kuykendall successfully led...

https://s29755.pcdn.co/news/career-tracks-crane-logistics-and-american-commercial-barge