ACLI » Topics » Our Business

This excerpt taken from the ACLI 10-K filed Mar 10, 2010.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges and other vessels, including ocean-going liquid tank barges. We currently operate in two primary business segments, transportation and manufacturing, and a smaller “All other segment” that consists of our services company, Elliott Bay. We are the third largest provider of dry cargo barge transportation and second largest provider of liquid tank barge transportation on the Inland Waterways, accounting for 12.5% of the total inland dry cargo barge fleet and 13.1% of the total inland liquid cargo barge fleet as of December 31, 2008, according to Informa. We do not believe that these percentages varied significantly during 2009, but competitive surveys are normally not available until March of each year.


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Our manufacturing segment was the second largest manufacturer of dry cargo barges in the United States in 2008 according to Criton industry data. We believe this also approximates our ranking in terms of construction of liquid tank barges.
 
We provide additional value-added services to our customers, including warehousing and third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems which allows us to effectively manage our fleet.
 
Elliott Bay is much smaller than either the transportation or manufacturing segment and is not significant to the primary operating segments of ACL. During the fourth quarter of 2007, we acquired Elliot Bay Design Group, a naval architecture and marine engineering firm, which provides architecture, engineering and production support to customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
During the second quarter of 2008, we acquired the remaining ownership interests of Summit Contracting, a provider of environmental and civil construction services to a variety of customers. In May 2007 we had previously purchased a 30% ownership. We sold our equity in Summit in November 2009 and reclassified its results of operations to discontinued operations for all periods presented.
 
Certain of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic in the third quarter of 2006 and operations ceased in Venezuela in the fourth quarter 2006.
 
This excerpt taken from the ACLI 10-Q filed May 8, 2009.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as manufacturing barges, towboats and other vessels, including ocean-going liquid tank barges. We are the third largest provider of dry cargo barge transportation and second largest liquid tank barge transportation on the United States Inland Waterways which consists of the Mississippi River System, its connecting waterways and the


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Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 12.5% of the total inland dry cargo barge fleet and 13.1% of the total inland liquid cargo barge fleet as of December 31, 2008, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2008 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges. We provide additional value-added services to our customers, including warehousing and third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems which allows us to effectively manage our fleet.
 
During the fourth quarter of 2007, we acquired Elliot Bay Design Group, a naval architecture and marine engineering firm, which will continue to provide architecture, engineering and production support to its many customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
During the second quarter of 2008, we acquired the remaining ownership interests of Summit Contracting, LLC (“Summit”). We had previously made an investment equal to 30% ownership in this entity in May 2007. Summit provides environmental and construction services to a variety of customers.
 
These excerpts taken from the ACLI 10-K filed Mar 11, 2009.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges and other vessels, including ocean-going liquid tank barges. We are the third largest provider of dry cargo barge transportation and second largest provider of liquid tank barge transportation on the United States Inland Waterways, consisting of the Mississippi River System, its connecting waterways and


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the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 13.5% of the total inland dry cargo barge fleet and 12.9% of the total inland liquid cargo barge fleet as of December 31, 2007, according to Informa. We do not believe that these percentages have varied significantly during 2008, but competitive surveys are normally not available until March of each year.
 
Our manufacturing segment was the second largest manufacturer of dry cargo barges in the United States in 2008 according to Criton industry data. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges).
 
We provide additional value-added services to our customers, including warehousing, third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems which allows us to effectively manage our fleet.
 
During the fourth quarter of 2007, we acquired Elliot Bay Design Group, a naval architecture and marine engineering firm, which will continue to provide architecture, engineering and production support to its many customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
During the second quarter of 2008, we acquired the remaining ownership interests of Summit Contracting, LLC (“Summit”). We had previously made an investment equal to 30% ownership in this entity in May 2007. Summit provides environmental and civil construction services to a variety of customers.
 
Certain of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic in the third quarter of 2006 and operations ceased in Venezuela in the fourth quarter 2006. See Note 15 to the accompanying consolidated financial statements.
 
Our
Business



 



We are one of the largest and most diversified marine
transportation and services companies in the United States,
providing barge transportation and related services under the
provisions of the Jones Act, as well as the manufacturing of
barges and other vessels, including ocean-going liquid tank
barges. We are the third largest provider of dry cargo barge
transportation and second largest provider of liquid tank barge
transportation on the United States Inland Waterways, consisting
of the Mississippi River System, its connecting waterways and





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the Gulf Intracoastal Waterway (the “Inland
Waterways”), accounting for 13.5% of the total inland dry
cargo barge fleet and 12.9% of the total inland liquid cargo
barge fleet as of December 31, 2007, according to Informa.
We do not believe that these percentages have varied
significantly during 2008, but competitive surveys are normally
not available until March of each year.


 



Our manufacturing segment was the second largest manufacturer of
dry cargo barges in the United States in 2008 according to
Criton industry data. We believe this also approximates our
ranking in terms of construction of liquid tank barges
(including both inland and ocean-going liquid tank barges).


 



We provide additional value-added services to our customers,
including warehousing, third-party logistics through our
BargeLink LLC joint venture. Our operations incorporate advanced
fleet management practices and information technology systems
which allows us to effectively manage our fleet.


 



During the fourth quarter of 2007, we acquired Elliot Bay Design
Group, a naval architecture and marine engineering firm, which
will continue to provide architecture, engineering and
production support to its many customers in the commercial
marine industry, while providing ACL with expertise in support
of its transportation and manufacturing businesses.


 



During the second quarter of 2008, we acquired the remaining
ownership interests of Summit Contracting, LLC
(“Summit”). We had previously made an investment equal
to 30% ownership in this entity in May 2007. Summit provides
environmental and civil construction services to a variety of
customers.


 



Certain of the Company’s international operations have been
recorded as discontinued operations in all periods presented due
to the sale of all remaining international operations in 2006.
Operations ceased in the Dominican Republic in the third quarter
of 2006 and operations ceased in Venezuela in the fourth quarter
2006. See Note 15 to the accompanying consolidated
financial statements.


 




This excerpt taken from the ACLI 10-Q filed Nov 7, 2008.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the third largest provider of dry cargo barge transportation and second largest provider of liquid tank barge


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transportation on the United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 13.5% of the total inland dry cargo barge fleet and 12.9% of the total inland liquid cargo barge fleet as of December 31, 2007, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including warehousing and third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACL Trac real-time GPS barge tracking system, which allows us to effectively manage our fleet.
 
During the fourth quarter of 2007, we acquired Elliot Bay Design Group, a naval architecture and marine engineering firm, which will continue to provide architecture, engineering and production support to its many customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
During the second quarter of 2008, we acquired the remaining ownership interests of Summit Contracting, LLC (“Summit”). We had previously made an investment equal to 30% ownership in this entity in May, 2007. Summit provides environmental and civil construction services to a variety of customers.
 
This excerpt taken from the ACLI 10-Q filed Aug 7, 2008.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the third largest provider of dry cargo barge transportation and second largest provider of liquid tank barge transportation on


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the United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 13.5% of the total inland dry cargo barge fleet and 12.9% of the total inland liquid cargo barge fleet as of December 31, 2007, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including warehousing and third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACL Trac real-time GPS barge tracking system, which allows us to effectively manage our fleet.
 
During the fourth quarter of 2007, we acquired Elliot Bay Design Group, a naval architecture and marine engineering firm, which will continue to provide architecture, engineering and production support to its many customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
During the second quarter of 2008, we acquired the remaining ownership interests of Summit Contracting, LLC (“Summit”). We had, in May, 2007, previously made an investment equal to 30% ownership in this entity. Summit provides environmental and civil construction services to a variety of customers.
 
This excerpt taken from the ACLI 10-Q filed May 8, 2008.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the third largest provider of dry cargo barge transportation and second largest liquid tank barge transportation on the United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf


16


 

Intracoastal Waterway (the “Inland Waterways”), accounting for 13.5% of the total inland dry cargo barge fleet and 12.9% of the total inland liquid cargo barge fleet as of December 31, 2007, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including warehousing and third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACL Trac real-time GPS barge tracking system, which allows us to effectively manage our fleet.
 
During the fourth quarter of 2007, we acquired Elliot Bay Design Group, a naval architecture and marine engineering firm, which will continue to provide architecture, engineering and production support to its many customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
Subsequent to the end of the first quarter of 2008, we acquired the remaining ownership interests of Summit Contracting, LLC (“Summit”). We had, in May, 2007, previously made an investment equal to 30% ownership in this entity. Summit provides environmental and construction services to a variety of customers. We believe that there are significant synergistic opportunities with ACL’s existing transportation business and the civil engineering arm of Summit.
 
These excerpts taken from the ACLI 10-K filed Feb 27, 2008.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the second largest provider of dry cargo barge transportation and liquid tank barge transportation on the United States Inland Waterways, consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 14.8% of the total inland dry cargo barge fleet and 13.2% of the total inland liquid cargo barge fleet as of December 31, 2006, according to Informa Economics, Inc., a private forecasting service (“Informa”). We do not believe that these percentages have varied significantly during 2007, but competitive surveys are normally not available until March of each year.
 
Our manufacturing subsidiary, Jeffboat LLC (“Jeffboat”), was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges).
 
We provide additional value-added services to our customers, including warehousing and third-party logistics through our BargeLink LLC joint venture. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACLTrac real-time GPS barge tracking system, which allows us to effectively manage our fleet.
 
During the fourth quarter of 2007, we acquired a naval architecture and marine engineering firm which will continue to provide architecture, engineering and production support to its many customers in the commercial marine industry, while providing ACL with expertise in support of its transportation and manufacturing businesses.
 
Certain of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic in the third quarter of 2006 and operations ceased in Venezuela in the fourth quarter 2006 See Note 16 — Discontinued Operations.
 
Our
Business



 



We are one of the largest and most diversified marine
transportation and services companies in the United States,
providing barge transportation and related services under the
provisions of the Jones Act, as well as the manufacturing of
barges, towboats and other vessels, including ocean-going liquid
tank barges. We are the second largest provider of dry cargo
barge transportation and liquid tank barge transportation on the
United States Inland Waterways, consisting of the Mississippi
River System, its connecting waterways and the Gulf Intracoastal
Waterway (the “Inland Waterways”), accounting for
14.8% of the total inland dry cargo barge fleet and 13.2% of the
total inland liquid cargo barge fleet as of December 31,
2006, according to Informa Economics, Inc., a private
forecasting service (“Informa”). We do not believe
that these percentages have varied significantly during 2007,
but competitive surveys are normally not available until March
of each year.


 



Our manufacturing subsidiary, Jeffboat LLC
(“Jeffboat”), was the second largest manufacturer of
dry cargo barges in the United States in 2006 according to
Criton Corporation, publisher of River Transport News. We
believe this also approximates our ranking in terms of
construction of liquid tank barges (including both inland and
ocean-going liquid tank barges).


 



We provide additional value-added services to our customers,
including warehousing and third-party logistics through our
BargeLink LLC joint venture. Our operations incorporate advanced
fleet management practices and information technology systems,
including our proprietary ACLTrac real-time GPS barge
tracking system, which allows us to effectively manage our fleet.


 



During the fourth quarter of 2007, we acquired a naval
architecture and marine engineering firm which will continue to
provide architecture, engineering and production support to its
many customers in the commercial marine industry, while
providing ACL with expertise in support of its transportation
and manufacturing businesses.


 



Certain of the Company’s international operations have been
recorded as discontinued operations in all periods presented due
to the sale of all remaining international operations in 2006.
Operations ceased in the Dominican Republic in the third quarter
of 2006 and operations ceased in Venezuela in the fourth quarter
2006 See Note 16 — Discontinued Operations.


 




This excerpt taken from the ACLI 10-Q filed Nov 7, 2007.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the second largest provider of dry cargo barge transportation and liquid tank barge transportation on the United States


17


 

Inland Waterways, consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 14.8% of the total inland dry cargo barge fleet and 13.2% of the total inland liquid cargo barge fleet as of December 31, 2006, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including warehousing, third-party logistics through our BargeLink LLC joint venture, and container handling services between Chicago and New Orleans. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACL Trac real-time GPS barge tracking system, which allow us to effectively manage our fleet. All of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic in the third quarter 2006 and operations ceased in Venezuela in the fourth quarter 2006 (See Note 10 — Discontinued Operations).
 
This excerpt taken from the ACLI 10-Q filed Aug 7, 2007.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the second largest provider of dry cargo barge transportation and liquid tank barge transportation on the United States Inland


16


 

Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 14.8% of the total inland dry cargo barge fleet and 13.2% of the total inland liquid cargo barge fleet as of December 31, 2006, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including warehousing, third-party logistics through our BargeLink LLC joint venture, and container handling services between Chicago and New Orleans. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACLTrac real-time GPS barge tracking system, which allows us to effectively manage our fleet. All of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic in the third quarter 2006 and operations in Venezuela ceased in the fourth quarter 2006. See Note 10 — Discontinued Operations.
 
This excerpt taken from the ACLI 10-Q filed May 8, 2007.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the second largest provider of dry cargo barge transportation and liquid tank barge transportation on the United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 14.8% of the total inland dry cargo barge fleet and 13.2% of the total inland liquid cargo barge fleet as of


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December 31, 2006, according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including third-party logistics through our BargeLink LLC joint venture, and we provide container handling services between Chicago and New Orleans. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACLTrac real-time GPS barge tracking system, which allows us to effectively manage our fleet. All of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic early in the third quarter 2006 and operations in Venezuela ceased in the fourth quarter 2006. See Note 11 — Discontinued Operations.
 
This excerpt taken from the ACLI 10-K filed Mar 1, 2007.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the second largest provider of dry cargo barge transportation and liquid tank barge transportation on the


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United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 15.8% of the total inland dry cargo barge fleet and 13.3% of the total inland liquid cargo barge fleet as of December 31, 2005, according to Informa Economics, Inc., a private forecasting service (“Informa”). We do not believe that these percentages have varied significantly during 2006, but competitive surveys are normally not available until March in each year. All of our tank barges meet or exceed current U.S. Coast Guard requirements for double-hull modifications. Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo barges in the United States in 2006 according to Criton Corporation, publisher of River Transport News. We believe this also approximates our ranking in terms of construction of liquid tank barges (including both inland and ocean-going liquid tank barges). We provide additional value-added services to our customers, including third-party logistics through our BargeLink LLC joint venture, and we provide container handling services between Chicago and New Orleans. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary ACLTrac real-time GPS barge tracking system, which allows us to effectively manage our fleet. Certain of the Company’s international operations have been recorded as discontinued operations in all periods presented due to the sale of all remaining international operations in 2006. Operations ceased in the Dominican Republic early in the third quarter 2006 and operations in Venezuela ceased in the fourth quarter. See Note 15 — Discontinued Operations.
 
This excerpt taken from the ACLI 10-Q filed Nov 8, 2006.
Our Business
 
We are one of the largest and most diversified marine transportation and services companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels, including ocean-going liquid tank barges. We are the second largest provider of dry cargo barge transportation and liquid tank barge transportation on the United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the “Inland Waterways”), accounting for 15.8% of the total inland dry cargo barge fleet and 13.3% of the total inland liquid cargo barge fleet as of December 31, 2005 according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo and liquid tank barges (including both inland and ocean-going liquid tank barges) in the United States as of December 31, 2005. We provide additional value-added services to our customers, including third-party logistics through our BargeLink LLC joint venture, and we provide container handling services between Chicago and New Orleans. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary River-Trac® real-time GPS barge tracking system, which allows us to effectively manage our fleet. During the third quarter 2006 all of the Company’s international operations have been recorded as discontinued operations. Operations ceased in the Dominican Republic early in the quarter and operations in Venezuela ceased subsequent to quarter end with the closing of the sale transaction. See Notes 9 and 13 — Discontinued Operations and Subsequent Events, respectively.
 
This excerpt taken from the ACLI 10-Q filed May 11, 2006.
Our Business
 
We are one of the largest and most diversified marine transportation and service companies in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels. We are the second largest provider of dry cargo barge transportation and liquid cargo barge transportation on the Inland Waterways (consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway), accounting for 15.8% of the total inland dry cargo barge fleet and 13.3% of the total inland liquid cargo barge fleet as of December 31, 2005 according to Informa Economics, Inc., a private forecasting service (“Informa”). Our manufacturing subsidiary, Jeffboat LLC, was the second largest manufacturer of dry cargo and tank barges in the United States as of December 31, 2005. As of March 31, 2006, within our domestic fleet, we operated 3,174 barges, 2,580 of which were owned by us. In


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addition, we operated 122 towboats owned by us, with an additional 26 towboats operated exclusively for us by third parties. Our barges operated included 2,418 covered dry cargo barges, 371 open dry cargo barges and 385 tank barges, which are used to transport liquid cargoes. All of our tank barges meet or exceed current U.S. Coast Guard requirements for double-hull modifications. We provide additional value-added services to our customers, including third-party logistics through our BargeLink LLC joint venture, and we provide container handling services between Chicago and New Orleans. Our operations incorporate advanced fleet management practices and information technology systems, including our proprietary RiverTrac real-time GPS barge tracking system, which allows us to effectively manage our fleet. We also operate on the Orinoco River in Venezuela and the Higuamo River in the Dominican Republic through our international subsidiaries.
 
Market conditions for our business continued to improve significantly in the first quarter of 2006 continuing the trend begun in the first half of 2004. Through March 31, 2006, we continued to experience an increase in market freight rates for dry and liquid cargo commodities. The increase has been driven by a reduction in the industry supply of dry cargo barges and an increasing demand for freight transported. Our average rates per ton-mile for dry cargo freight and liquid cargo freight increased approximately 30% and 24%, respectively, in the first quarter of 2006 compared to the first quarter of 2005. The positive impact from increased freight rates to our operating results was partially offset by an approximate $0.48 per gallon increase in fuel price in the first quarter of 2006 compared to the first quarter of 2005. As a result our average rates per ton-mile for dry cargo freight and liquid cargo freight increased, on a fuel neutral basis, approximately 24% and 11%, respectively in the first quarter of 2006 compared to the first quarter of 2005.
 
First quarter 2006 results benefited from very favorable operating conditions, stronger than normal freight demand resulting from carryover tonnage from the fourth quarter and the hurricanes, accelerated productivity improvements in our manufacturing segment and a strong rate environment and a larger percentage of our business being priced at spot rates. We do not expect to benefit from such positive weather conditions in the first quarter of every year. Typically, the first quarter is the most challenging on the river due to icing. This year we experienced minimal icing on the Mississippi and Illinois Rivers between Chicago and St. Louis, which we regard as highly unusual.
 
In addition, we increased the amount of our transportation business which is sold in the spot market from a range of 20% to 25% in 2005 to a range of 30% to 35% of the total in 2006. Our spot business experienced a favorable rate environment driven by demand in the first quarter of 2006. The higher percentage of our business now sold in the spot market is benefiting from this trend on a year-over-year basis.
 
Our cash operating costs consist primarily of purchased services, materials, supplies and repairs (presented as “materials, supplies and other” on the consolidated statements of operations), labor and fringe benefits, fuel, rent and fuel user tax, along with selling, general and administrative costs.
 
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