ACL Expects to Emerge from Chapter 11 Soon
American Commercial Lines Inc. (ACL) said on Friday it expects to complete its recapitalization and emerge from Chapter 11 in the coming weeks after the U.S. Bankrptcy Court for the Southern District of Texas, Houston Division confirmed the company's pre-packaged plan. ACL announced it would implement the recapitalization plan in February. Upon emergence, the company will receive $200 million in new capital to support liquidity and investments in the business and will reduce its funded debt by approximately $1 billion…
Interview: Mark Knoy, President and CEO, ACBL
American Commercial Barge Line (ACBL) named Mark K. Knoy as its president and chief executive officer in August 2011. Prior to joining ACBL, he was vice president of American Electric Power’s (AEP) Fuel, Emissions and Logistics Group and president of AEP River Operations, having joined AEP with its 2001 purchase of MEMCO Barge Line. From 1984 to 1994, he was owner/operator of The Mark Twain Towing Company and Delmar Marine, Inc., Pekin, Illinois. He began his career in 1973 working aboard towboats on the inland waterways as a deck hand and then as a captain.
Jeffboat Announces Plant Closure
Jeffboat announced this morning the pending closure of its shipyard operations in Jeffersonville, Indiana. Following recent Worker Adjustment and Retraining Notification Act (WARN) notices of November 1, 2017 and February 1, 2018 announcing layoffs, Jeffboat president and CEO Mark Knoy said they will finish construction of barges around the first of May. Following the closure, Jeffboat will be reviewing the best alternative uses for the 65 acres of riverfront property currently occupied by the shipyard.
ACL Acquires AEP River Operations
Marine transportation service company American Commercial Lines (ACL) announced it has acquired commercial inland barge company AEP River Operations from American Electric Power (AEP). AEP River Operations is based in Chesterfield, Mo., with operations in Paducah, Ky.; and Convent, Algiers and Belle Chasse, La., and delivers approximately 45 million tons of products annually. Mark Knoy, president and CEO of Jeffersonville, Ind. based ACL, had previously run AEP River Operations for a decade before joining ACL in 2011.
Investment Impact in Inland Waterways System
The National Waterways Foundation (NWF) has commissioned and released a two-year, ground-breaking study by the University of Tennessee and the University of Kentucky, “Inland Navigation in the United States: An Evaluation of Economic Impacts and the Potential Effects of Infrastructure Investment” (November 2014). The study examines the waterways’ national economic return on investment and the need for and benefits of an accelerated program of waterways system improvements that sustain and create American jobs.
Study Examines Impacts of Inland Waterway Investment
The National Waterways Foundation (NWF) has commissioned and released a two-year study to examine the U.S. inland waterways’ national economic return on investment and the need for and benefits of an accelerated program of waterways system improvements that sustain and create American jobs. The study, conducted by the University of Tennessee and the University of Kentucky and entitled “Inland Navigation in the United States: An Evaluation of Economic Impacts and the Potential Effects of Infrastructure Investment” (November 2014)…
ACL Recognizes Safe Liquid Cargo Handlers
American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos. The customers recognized by ACL safely handled over two billion gallons of chemicals, petroleum products and other liquid cargoes with the barge transportation company in 2013. Recipients of the award are: Axiall Corporation; BASF Corporation; Bayer Corporation; Bunge North America…
ACL Selected to Serve on the IWUB
American Commercial Lines (ACL) has been selected to serve as a representative on the Inland Waterways Users Board (IWUB), an advisory board established to monitor the Inland Waterways Trust Fund (Fund) and make recommendations to the Army Corps of Engineers and to Congress on investment priorities using resources from the Fund. Comprised of representatives of the barge transportation industry and the customers it serves, the IWUB provides input to help identify and prioritize investment in inland navigation infrastructure.
Commercial Barge Line Company Announces Results
Company announces offering of $650 million senior secured term loan. Commercial Barge Line Company announced results for the quarter and year ended December 31, 2012. For the year, the Company reported total revenues of $811.6 million and Adjusted EBITDAR of $232.1 million. Compared to 2011 results, revenues declined $41.4 million, or 4.9%, while Adjusted EBITDAR improved by $57.8 million, or 33.2%. For the quarter, total revenues were $207.9 million compared to $244.5 million in 2011 and Adjusted EBITDAR was $62.8 million compared to $60.3 million in 2011. Commenting on the results, Mark Knoy, President and Chief Executive Officer…
ACL to Haul for SeaRiver Maritime
American Commercial Lines Will Transport Petroleum Products by Inland Barge for SeaRiver Maritime Inc. American Commercial Lines (ACL) is pleased to announce that it has entered into an agreement with SeaRiver Maritime Inc., a marine affiliate of Exxon Mobil Corporation, to provide petroleum barge transportation services on the U.S. inland waterways. As of January 1, 2013, ACL has entered into a multi-year agreement with SeaRiver to transport liquid cargoes via its mainline service and in unit tows. "We look forward to partnering with SeaRiver to transport ExxonMobil cargoes on the inland waterways," Mark Knoy, President and Chief Executive Officer of ACL, stated.
ACL to Begin Transporting Canadian Crude Oil
American Commercial Lines (ACL) is pleased to announce that it will begin transporting crude oil by barge on the U.S. inland waterways for MEG Energy (U.S.) Inc. (MEG Energy), a subsidiary of the Canadian oil company MEG Energy Corp. Crude oil will arrive primarily via pipeline and will be transferred to barges at storage terminals located on the inland waterways for transport by ACL to the Gulf Coast. ACL is dedicating new tank barges built by its manufacturing division Jeffboat into service for MEG Energy, as well as towboats newly repowered and refurbished for maximum efficiency and reliability. "We are committed to providing MEG Energy with the highest quality equipment and the highest level of service by our team of experienced and dedicated maritime professionals…
ACL Names SVP and COO
American Commercial Lines Inc. (ACL), one of the largest and most diversified inland marine transportation and service companies in the United States, announced today the appointment of Paul A. Tobin as Senior Vice President and Chief Operating Officer. An industry veteran, Mr. Tobin's most recent role was Senior Vice President Administration for AEP River Operations. He joined AEP in 2001 with the company's purchase of Memco Barge Line, where he served as Vice President Administration and Director Insurance during his four-year tenure.
Darling Named President of AEP River Operations
American Electric Power has named Keith Darling president of AEP River Operations LLC. Darling, 60, will oversee all managerial and operating activities related to AEP River Operations, including sales, planning and budgeting, accounting, business development, logistics, operations and maintenance. He replaces Mark Knoy, who left the company. "Keith's river operations experience is both broad and deep, and he has a unique understanding of how our river operations fit with our broader corporate strategy," said Tim Light, senior vice president – Fuels, Emissions & Logistics. Darling has served as managing director of boat operations for AEP River Operations since 2002.
American Commercial Lines Announces New Leadership
American Commercial Lines Inc. (ACL), one of the largest and most diversified inland marine transportation and service companies in the United States, announced today the appointments of Mark Knoy as President and Chief Executive Officer and David Huls as Senior Vice President and Chief Financial Officer. Industry veteran Mark Knoy, 52, is joining ACL following a seventeen year career at AEP River Operations, LLC, a subsidiary of American Electric Power Co., Inc., where he spent the last ten years serving as President. Under Mr. Knoy's leadership AEP River Operations grew to become one of the nation's largest and most successful barge lines. "Mark brings to ACL many years of profitable growth on the inland waterways," said Bryan Kelln, President of Portfolio Operations at Platinum Equity.
MarineNews Insights with AWO’s National Advocacy VP
MarineNews spoke with Jennifer Carpenter, Senior Vice President of National Advocacy for the American Waterways Operators (AWO), about the organization’s strategic plan, how it is going about increasing public awareness for the industry and what you can do to help. What is AWO 21? AWO 21 is AWO’s strategic plan, approved by our Board of Directors in October 2009, which lays out our vision, mission, values, goals, and objectives. In other words, it describes why AWO is here, what AWO members care about, and how we’re going to spend our time and our money as a trade association.
Insights from Mark Knoy, AEP River Operations
MarineNews spoke with Mark Knoy, President of AEP River Operations, about his background in the industry, challenges and opportunities in the inland waterways and how technology is impacting operations. How did you come to be involved in the industry? I grew up in the river business with my father and brother. My dad was a river boat Captain and I started as a deckhand, engineer and then pilot. My father and I started a fleeting business on the Illinois River and things took off from there. I came to work at AEP in 1994. What are the obstacles and opportunities in the market right now?
Waterways Council Names Officers & Directors
Richard R. (Rick) Calhoun, Cargo Carriers, Chairman; Cornel Martin, President & CEO; Merritt Lane, Canal Barge Line, Vice Chairman; Rodney Weinzierl, Illinois Corn Growers Association, Vice Chairman; Matt Woodruff, Kirby Corporation, Counsel; Peter Stephaich, Campbell Transportation Company, Secretary; Cherrie Felder, Channel Shipyard Company, Treasurer. Dan Mecklenborg, Ingram Barge Line Co., was named Immediate Past Chairman, and Berdon Lawrence, Kirby Corporation and Mark Knoy, AEP River Operations, were named Honorary Past Chairmen. Named to At Large positions were Michael Hennessey, CONSOL Energy Co.; Tim Parker, Jr., Parker Towing Company; Stephen Little, Crounse Corporation; and Dale Roth, Carpenter’s District Council of Greater St. Louis and Vicinity.
SCI Welcomes Upgrades and COE Designation
Some important announcements were made during the 9th Annual River Bell Awards Luncheon at the Seamen’s Church Institute (SCI) Center in Paducah, KY. Leaders from Ingram Barge Company and AEP River Operations revealed that their companies would lead the effort to fund important upgrades to the simulators in Paducah. Upgrades to the Center’s simulation Center come on the heels of significant funding from West Kentucky Workforce Investment Board in August of this year. All computer hardware, software and radars will be replaced and the geographical databases will be updated.
Palmer to Retire from WCI
Waterways Council, Inc. (WCI) Chairman Dan Mecklenborg announced that an executive search has begun to identify a successor for R. Barry Palmer, WCI President/CEO, who has announced his intention to retire at the end of this year. WCI’s Executive Committee has retained JDG Associates, Ltd., , to conduct the national search for a successor for Mr. Palmer. A search committee to evaluate both internal and external candidates, led by Chairman Mecklenborg, has been organized and is composed of WCI Executive Committee members Rick Calhoun…
Knoy to Head Waterways Council
Waterways Council, Inc. (WCI) named Mark Knoy, President of AEP Memco LLC as its next Chairman of the Board. Knoy succeeds Berdon Lawrence, Chairman of Kirby Corporation, as WCI’s Chairman. Mr. Lawrence served Waterways Council, Inc. since its inception in 2003, and before that, as Chairman of Waterways Work! “I look forward to working with WCI as we continue to educate those on Capitol Hill, in the news media, and the general public about the critical need to maintain and modernize our Nation’s ports and inland waterways infrastructure. WCI will continue to be the leading, unifying voice for this message,” said Knoy. “The inland waterways industry, and WCI, expresses its tremendous thanks to Berdon Lawrence, who has given so much of himself to improving the condition of the industry.
Waterways Councinl Names New Officers, Directors
At its Annual Meeting held October 1 in Houston, the Board of Directors of Waterways Council, Inc. (WCI) elected the following officers and Executive Committee members for 2007-2008: Dan Mecklenborg, Senior Vice President, HR & Chief Legal Officer, Ingram Barge Company, Chairman; R. Barry Palmer, WCI, President and CEO; Steve Little, President and CEO, Crounse Corporation, General Counsel; Peter Stephaich, Chairman, Campbell Transportation Co., Secretary; Cherrie Felder, Vice President, Channel Shipyard, Treasurer. H. Merritt Lane III, President and Chief Executive Officer, Canal Barge Company; Peter Lilly, Chief Operating Officer--Coal, CONSOL Energy Inc., and Rick Calhoun, President, Cargo Carriers, were named as Vice-Chairmen.
WCI Reflects on Inland Waterways Industry in 2006
As the inland waterways industry looks back on 2006 and forward to 2007, Waterways Council, Inc. • President Bush’s FY 2007 proposed budget requested a record level of federal funding for 11 Inland Waterways Trust Fund (IWTF)-financed projects. The budget request proposed FY ’07 spending of $394 million for Inland Waterways Trust Fund financed projects, of which $197 million would come from the dedicated Inland Waterways Trust Fund. The remainder would come from general treasury funds, as required under current law. The President’s FY ‘07 budget request is the highest funding recommendation for IWTF funded projects since cost-sharing legislation was enacted into law in 1986.
Waterways Council, Inc. Names New Officers and Directors
At its Annual Meeting held October 18 in Nashville, the Board of Directors of Waterways Council, Inc. (WCI) elected the following officers and Executive Committee members for 2006-2007: Mark Knoy, President, AEP MEMCO LLC, Chairman; R. Barry Palmer, WCI, President and CEO; Dan Mecklenborg, Senior Vice President, HR & Chief Legal Officer, Ingram Barge Company, First Vice Chairman and General Counsel; Kevin Sparks, Manager, Petrochemicals Marketing, Marathon Petroleum Co., LLC, Secretary/Treasurer; Peter Lilly, Chief Operating Officer-Coal, CONSOL Energy Inc., and Rick Calhoun, President, Cargo Carriers, Vice-Chairmen. Peter Stephaich, Chairman, Campbell Transportation Co; H.