摘要: |
The WorkBoat Stock Index gained 61 points, or 2%, in January. For the month, winners topped losers by a 2-1 ratio. Winners included Houston-based tank barge operator Kirby Corp. The company followed up December's 14% gain by rising another 10% in January. During the company's Jan. 27 fourth-quarter earnings call, David Grzebinski, president and CEO, sounded a positive note, reflecting improved results in marine transportation, primarily driven by higher barge utilization and pricing. "The inland business experienced improved market fundamentals and increased volumes as the economy recovered from the impact of the Delta variant and refineries and chemical plants in Louisiana resuming operations following Hurricane Ida," Grzebinski told analysts. This helped Kirby increase its barge utilization into the mid- to high-80% range with rates near 90% for much of December. |