Ingram Completes Acquisition of U.S. United Barge Line

press release
Thursday, May 24, 2012

Ingram Barge Company today completed its acquisition of U.S. United Barge Line, LLC (“UBL”), a barge transportation company headquartered in Tampa, Florida.


The proposed transaction was announced on April 19 and, following the receipt of necessary government approval and satisfaction of other closing conditions, Ingram officials said today they had finalized the sale and that the process of integrating the UBL business will begin immediately. Approximately 300 UBL associates will join Ingram, and 17 towboats and some 650 barges will be added to the Ingram fleet. Orrin H. Ingram, Chairman of the Board of Ingram Barge Company, said the combined businesses will enable Ingram to continue its leadership role in the inland marine industry. Craig E. Philip, CEO of Ingram Barge Company, said the transaction underscores Ingram’s commitment to its customers and to the robust future of inland transportation.


“We are excited to now be able to welcome the UBL associates into our Ingram Marine Group family,” Mr. Philip added. “We look forward to serving our new customers with the same dedication to quality and focused customer service for which Ingram, and UBL, have been known.” Ingram Barge Company is a subsidiary of Ingram Industries Inc., based in Nashville, Tennessee, which is one of America’s largest privately held companies.  It consists of diversified businesses in physical and digital book distribution, on-demand printing, marine transportation, and digital fulfillment services.  Ingram Industries Inc. includes two operating divisions: Ingram Marine group and Ingram Content Group.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Contracts

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Barges

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Kirby Reports Record Earnings

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.

Port of Redwood City Sees Cargo Increase

The Port of Redwood City experienced a five percent increase in cargo movement across its docks for the first half of fiscal year 2014/2015 that ended December 31, 2015.

Mergers & Acquisitions

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Imabari to Construct Newbuilding Dry Dock

In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth),

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3937 sec (3 req/sec)