Wednesday, March 2, 2011

Recovery

Jeffboat says it has enough orders for new barges that it's recalling 200 hourly workers and several salaried workers at its shipyard at Jeffersonville, Ind., across the Ohio River from Louisville.

From the news release:

ACL President and CEO Mike Ryan stated, "Customers are beginning to build new barges again as demand for moving freight on the inland waterways system returns in our recovering economy. Our active Jeffboat production lines are nearly sold out for 2011, and we are starting to contract for business in 2012." Ryan added, "Most barge companies need to replace thousands of barges over the next several years as the oldest units are retired and sold for scrap. During the recession, most barge carriers postponed the use of capital for new barges."

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