MN100: Tidewater Transportation and Terminals
Nearly 85 years ago, Tidewater pioneered commercial transportation on the upper Columbia Snake River system and opened up one of the nation’s most isolated regions to global markets. Today, Tidewater Holdings is comprised of Tidewater Barge Lines, Tidewater Terminal Company, and since 2014, Tidewater Environmental Services, Incorporated. Tidewater Terminal Company works in conjunction with its Barge Lines, using key intermodal connections to railroads, highways and pipelines.
Tidewater Announces Refinance Package
Tidewater Holdings, Inc. announced that it has entered a $115 million refinance package with Northwest Farm Credit Services. Northwest FCS was the lead arranger and Barclays acted as sole placement agent on the refinance package. Tidewater’s operations include terminal services and tug and barge operations on the Columbia and Snake River systems in the Pacific Northwest. A major part of the company’s business is providing farmers a safe, clean, and economic way of transporting agricultural commodities, primarily wheat, to export grain elevators on the Lower Columbia and Willamette Rivers.
Frasher Takes Head of Helm at American Commercial
Stephen A. Frasher has been appointed president and CEO of American Commercial Barge Line LLC as well as CEO of Jeffboat LLC, Louisiana Dock Company LLC and American Commercial Terminals LLC. With 31 years of experience in the transportation industry, most recently as president and CEO of Tidewater Holdings, Frasher’s hiring is part of a management transition plan for the retirement of Michael C. Hagen, who plans to step down at the end of October.
