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Trailer Bridge News

01 Aug 2017

Grand Bahama Shipyard Reports Commercial Success

(Photo: Grand Bahama Shipyard Limited)

Caribbean shipyard Grand Bahama Shipyard (GBS) said it has completed work on 30 commercial vessels within first half of 2017, predominantly comprised of companies returning to the yard with repeat business including tankers, bulk carriers, containerships, tugs, dive support vessels and drilling support vessels. In what is considered a volatile market, GBS said 2017 has been a great year for repeat customers, solidifying its position as a supporter of the major U.S. East Coast…

12 May 2015

Signet Continues US Expansion

Signet continues Gulf of Mexico expansion and opens U.S. Signet Maritime Corporation informs it has completed Phase II of a $250 million capital expansion program with the acquisition and integration of the Harvey Gulf OTV fleet. The corporate strategy was to design and own vessels for multidisciplinary work, and diversify with the addition of the powerful offshore vessels, enabling Signet to broaden its services into new market segments, the company explained. Continuing this U.S. expansion, Signet has been awarded multi-vessel, long term charters by Trailer Bridge, Inc., an international freight service company, to perform weekly sailings from Jacksonville, Florida to San Juan, Puerto Rico and Puerto Plata, Dominican Republic.

16 Jul 2014

Trailer Bridge Vessel Returns to Service

Following required regulatory inspections along with regular scheduled maintenance in Mobile, Alabama, the Trailer Bridge Ro/Ro vessel the Jax - San Juan Bridge (JSB) returned to service on July 5. In addition to the American Bureau of Shipping regulatory inspection, several key upgrades were made to the JSB. This work is all part of Trailer Bridge’s Asset Protection Program that ensures our fleet remains in peak condition to meet the continuing needs of our customers. “We operate the youngest Marine fleet in the trade and are fully committed to reinvesting in our vessels, equipment and systems,” said Trailer Bridge’s CEO, Chris Dombalis. "Safe and efficient vessel operations is of the utmost importance to Trailer Bridge as well our customers who have come to depend on our service.

16 Oct 2013

Trailer Bridge Announces New Senior Commercial Team

Trailer Bridge, Inc. announced the appointment of Dave Miskowiec to the role of Executive Vice President, Commercial. In his new role he will be responsible for all commercial activity focusing on automotive, NVOCC and charter barge - heavy lift sectors within Trailer Bridge. Mr. Miskowiec began his career at Trailer Bridge in May of 1997 and has since served in numerous executive capacities, most recently as Vice President of Sales. In addition, Jacob Wegrzyn has been named Vice President of Sales, responsible for all sales activity in the United States, Puerto Rico and the Dominican Republic. Prior to joining Trailer Bridge in December of 2012, Mr. Wegrzyn held numerous executive positions within the Puerto Rican trade. Jacob will continue to be domiciled in Puerto Rico.

10 Sep 2013

Trailer Bridge Hires New Financial Director

Trailer Bridge, Inc. is announced the appointment of Chad Switzer to the position of Director of Financial Planning & Analysis. Chad has over fifteen years of professional experience in Finance and Operations Management and is responsible for Trailer Bridge’s Planning, Budgeting, Forecasting and Analysis processes. Chad has a Bachelor of Science in Business from the University of Redlands, as well as a Master of Business Administration with a concentration in Finance from Wilmington University. He is a longtime member of the Institute of Management Accountants and has earned the Certified Management Accountant (CMA) designation. Chad resides in the Jacksonville, Florida area with his wife and three sons. trailerbridge.com

15 Jan 2013

Trailer Bridge Appoints Chris J. Dombalis CEO

Trailer Bridge, Inc. has appointed Chris J. Dombalis as a Board Member and Chief Executive Officer of the Company to succeed Frank Halliwell. Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower US 48 states, Puerto Rico & the Dominican Republic, utilizing an efficient inland network, owned containers and U.S. flag vessels to link the mainland with Puerto Rico via marine facilities in Jacksonville, San Juan and Puerto Plata. Mr. Dombalis brings to Trailer Bridge over 30 years of executive experience in the maritime and logistics industries. Most recently, he served as Executive Vice President of Maher Terminals LLC, one the largest multi-user container terminal operators in the world. During his tenure at Maher, Mr.

01 Jun 2011

Trailer Bridge Appoints Fernandez As CCO

Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced it has appointed Scott W. Fernandez as Chief Commercial Officer. Mr. Fernandez will be responsible for the Company’s sales and marketing efforts effective immediately, and be based out of the Company’s headquarters in Jacksonville, FL. He replaces Adam E. Gawrysh, Jr. who will leave the Company effective May 27, 2011. Mr. Fernandez joins Trailer Bridge after a 24-year tenure with Horizon Lines LLC, where he most recently served as Vice President, Eastern Region & Puerto Rico Sales.

06 May 2010

Trailer Bridge Dismissed from Antitrust Suit

Trailer Bridge, Inc. announced that in a non-final order of the court, the company has been dismissed with prejudice against the named plaintiffs from a lawsuit seeking class action status related to alleged anti-competitive activity in the Puerto Rico marine trade.  In an April 30, 2010 ruling by non-final order, the United States District Court for the District of Puerto Rico granted Trailer Bridge’s motion to be dismissed with prejudice from the lawsuit.

23 Jan 2010

Trailer Bridge Participates in Haiti Relief Effort

Trailer Bridge, Inc. (NASDAQ Global Market: TRBR), as part of the global relief effort for Haiti, contracted with the Military Sealift Command (MSC), the transportation provider for the United States Department of Defense, to provide one of its vessels in support of the U.S. government’s relief efforts in Haiti. The contract term is a minimum of 90 days and may be extended by MSC. Trailer Bridge has also partnered with one of its current shipping customers to provide free transportation and trailers for donated medical supplies to Port-au-Prince, Haiti, through the company’s operation in Puerto Plata, Dominican Republic. It is expected that the company’s donated trailers will remain in Haiti for local use or storage.

20 Jan 2010

Trailer Bridge Expands Dominican Service

Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) announced that it is expanding its Dominican Republic sailings from every two weeks to weekly. The company will provide this service utilizing its existing vessels that currently link the ports of Jacksonville, Fla., San Juan, Puerto Rico, and Puerto Plata, Dominican Republic. The new service is expected to commence in the last week of January 2010. The company originally commenced sailing to the Dominican Republic in August 2007, and has grown its customer base significantly over the past two years. The added frequency of sailings will provide additional options for the company’s existing shipping customers, while also making Trailer Bridge’s value proposition more attractive for potential new shippers.

19 Nov 2001

Trailer Bridge Reports Third Quarter Results

Total revenue for the three months ended September 30, 2001 was $20,052,136, as compared to $23,151,664 for the third quarter of 2000. Compared sequentially to the second quarter of 2001, total revenue decreased $1,607,048 or 7.4 percent. In the early part of the third quarter, Trailer Bridge experienced higher vessel utilization both southbound and northbound. Based upon anticipated volume and revenue levels, Trailer Bridge had anticipated that its third quarter operating results would show a meaningful improvement over the second quarter results. Instead of higher volume and revenue that would have driven improved results, the latter part of the third quarter saw decreases in vessel utilization of a magnitude that produced these sequential declines in revenue and operating income.

20 Oct 2003

Trailer Bridge Accepted as a Partner into C-TPAT

Trailer Bridge, Inc. has been accepted as a certified member of the U.S. Customs Service's Customs-Trade Partnership Against Terrorism (C-TPAT) program. U.S. Customs Service granted the approval on October 6, 2003, following a detailed review of Trailer Bridge's Supply Chain Security Profile Questionnaire. C-TPAT is a joint initiative between government and business designed to protect the security of cargo entering the United States while improving the flow of trade. Through C-TPAT, the U.S. Customs Service is asking businesses to ensure the integrity of their security practices and communicate their security guidelines to their business partners throughout the supply chain.

05 Aug 2004

Trailer Bridge Reports 2Q Results

Trailer Bridge, Inc. reported the financial results for the second quarter ended June 30, 2004 (see attached table), highlighted by net income of $988,823, a $1.7 million improvement compared to the second quarter of 2003, and a 7.9% increase in total operating revenues. Total revenue for the three months ended June 30, 2004 was $24,102,899, an increase of $1,769,672, or 7.9%, compared to the second quarter of 2003 and an increase of $1,194,169, or 5.2%, sequentially compared to the first quarter. The effective revenue per container equivalent of all of the southbound cargo represented an increase of 6.0% from the year earlier period and an increase of 1.9% compared sequentially to the first quarter.

04 Dec 2001

Trailer Bridge Reports Third Quarter Results

Trailer Bridge, Inc. reported its financial results for the third quarter ended September 30, 2001. Total revenue for the three months ended September 30, 2001 was $20,052,136, as compared to $23,151,664 for the third quarter of 2000. Compared sequentially to the second quarter of 2001, total revenue decreased $1,607,048 or 7.4 percent. In the early part of the third quarter, Trailer Bridge experienced higher vessel utilization both southbound and northbound. upon anticipated volume and revenue levels, Trailer Bridge had anticipated that its third quarter operating results would show a meaningful improvement over the second quarter results. declines in revenue and operating income. of 2000. sailings during the third quarter of 2001. period.

02 May 2002

Trailer Bridge Reports First Quarter Results

Trailer Bridge, Inc. reported financial results for the first quarter ended March 31, 2002 highlighted by a significantly narrowed net loss, operating profits in the month of March and news of market consolidation in the Puerto Rico trade as a result of the discontinuance of operations by a competitor. With the discontinuance of the Northeast service at the beginning of the quarter, Trailer Bridge had 21.5 percent less overall vessel capacity deployed in the Puerto Rico lane compared to the first quarter of 2001. Total revenue for the three months ended March 31, 2002 was $17,480,126, a decrease of $3,156,587, or 15.3 percent compared to the first quarter of 2001.

21 May 2002

Trailer Bridge Finalizes Senior Loan Amendment

Trailer Bridge, Inc. announced the execution of an amendment to its financing agreement with GE Capital and the addition of four new members to the Company’s Board of Directors. The amendment with GE Capital waives past non-compliance with certain covenants and establishes new financial covenants that the Company is confident it will remain in compliance with. Trailer Bridge has a $15 million revolving credit facility, with actual draws determined by a borrowing base formula. At March 31, 2002, the amount outstanding under this facility was $4.7 million. The Company also has approximately $10.3 million outstanding under a term loan facility with GE Capital. The Company also announced that Peter S. Shaerf has joined the board and that Malcom P. McLean, Jr., Greggory B. Mendenhall and F.

12 Jul 1999

McLean Named Man Of The Century; Lowman Earns Humanitarian Award

The Maritime Association of the Port of New York and New Jersey sponsored a tribute to Malcolm P. McLean, founder of Container Shipping and George F. Lowman, chairman and chief executive officer, Farrell Lines at the International Hall of Fame Awards Dinner on the evening of May 12, 1999. Held in the Delegates Dining Room of the United Nations, the gala event honored McLean, who is the founder of Container Shipping as Man of the Century and Lowman, who received the Hall of Fame's premiere Humanitarian Award. Described by Forbes Magazine as "one of the few men who changed the world," McLean founded the trucking company that bears his name in 1934 - which later became one of the largest trucking firms in the U.S.

23 Jul 2002

Trailer Bridge Awarded U.S. Patent

Trailer Bridge, Inc. announced that the United States Patent and Trademark Office (USPTO) awarded Patent No. 6,416,264 on July 9, 2002 to Trailer Bridge as assignee for its invention known as the Vehicle Transportation Module® (VTM®). The inventors are Ralph W. Heim, J. Edward Morley and P.W. Shahani. Heim is President and Chief Operating Officer of Trailer Bridge and Morley is Vice President of Operations. Shahani is a consulting engineer who has provided services to the Company. The VTM® container is a module for receiving motorized vehicles for transportation that interchanges easily between transport modes without the necessity of re-handling the vehicles.

18 Nov 2004

Trailer Bridge Announces Pricing of Senior Secured Notes

Trailer Bridge, Inc. (NASDAQ: TRBR) announced that it had priced its offering of senior secured notes due 2011 (the ``Notes''). The Notes were priced at a fixed interest rate of 9.25% and investor interest in the Notes resulted in the overall amount offered increasing to $85 million from the initial offering amount of $80 million. Interest on the Notes will be payable semiannually on May 15 and November 15 of each year. The Notes will be secured by a first priority lien on two roll-on, roll-off vessels, 53’ intermodal equipment and real estate. The offering is expected to close on December 1, 2004. Trailer Bridge expects to receive approximately $81.5 million in net proceeds from the offering of the Notes.

16 May 2005

Trailer Bridge Net Income Soars

Trailer Bridge, Inc. reported the financial results for the first quarter ended March 31, 2005, highlighted by net income of $975,801, a $616,643, or a 171.7% improvement compared to the first quarter of 2004. Total revenue for the three months ended March 31, 2005 was $24,365,534, an increase of $1,456,804, or 6.4% compared to the first quarter of 2004. Total southbound volume decreased 4.0% compared to the year earlier period. This decrease was driven by reduced used car volume, while southbound container volume increased 0.4% compared to the year ago quarter. Northbound, total volume decreased 27.1% from the year ago period, driven by reduced used car and military shipments.

14 Nov 2007

Trailer Bridge Reports 3Q Financial Results

Trailer Bridge, Inc. expenses/revenue) of 90.2% and net income of $0.4m, or $0.03 per share. estimated to have incrementally reduced net income by $0.9m during the third quarter, largely through the charter and fuel costs associated with the tug for the new service. Total revenue for the three months ended September 30, 2007 was $28.2m, a decrease of 2.4% compared to the $28.9m reported in the third quarter of 2006 and a decrease of 4.5% sequentially compared to the second quarter of 2007. During the third quarter southbound container volume declined 0.8% and average revenue per load for containers moved southbound increased 1.2% from the year earlier period.

14 Nov 2007

Trailer Bridge to be Awarded U.S. Patent

Trailer Bridge, Inc. (NASDAQ: TRBR) announced that it has been notified by the United States Patent and Trademark Office (USPTO) that the Company has received a notice of allowance for its patent application related to the process of loading and unloading containers on its Triplestack Box Carrier™ vessels. Trailer Bridge as assignee had initially applied for this patent in April 1998 and the application has been amended several times following review by the USPTO. The patent is expected to be formally awarded within three months of payment of an administrative fee to the USPTO. The inventors of the patent are John D. McCown, Chairman & Chief Executive Officer of Trailer Bridge and Malcom P. McLean, the late founder of the Company.

11 Sep 2007

Crowley Works to Reduce Emissions

In an age of increased environmental awareness, new commitments to reducing emissions and pollution in the air, Crowley has invested in engine modifications on its 10 tugboats dedicated to the Puerto Rico/Caribbean liner service and on its four tugs chartered to Trailer Bridge for their Puerto Rico barge service. Crowley makes four to five trips per week between the United States and Puerto Rico, which provide ample opportunity to test and perfect engine modifications, which have led to lower exhaust emissions and increased performance. Exhaust emissions take on a number of forms including visible smoke, particulate matter and nitrogen oxides (NOx). Crowley is working to reducing all three while achieving heightened performance with decreased fuel consumption.

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