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Saturday, January 20, 2018

Trailer Bridge News

Gawrysh Named VP, Inlnad Ops

Trailer Bridge, Inc. announced that Adam E. Gawrysh, Jr., 38, has been promoted to Vice President, Inland Operations. His previous position at Trailer Bridge was Director, Trucking Operations. This is a newly created position and Mr. Gawrysh will take on additional responsibilities related to Trailer Bridge’s inland operations. With this addition, the Company now has eight officers with an average tenure of twelve years. Trailer Bridge was founded thirteen years ago. Mr. Gawrysh has been employed at Trailer Bridge since 1992. He has managed Trailer Bridge’s trucking and inland operations since 2000 and before that served in various sales capacities for the Company. Mr. Gawrysh earned a Bachelor of Science degree from Western Illinois University in 1988.

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.

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.

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.

Study Culminates In New Tug Contracts

Following a detailed six-month study assessing its contract towing requirements, Trailer Bridge, Inc. signed separate long-term agreements that match the best marine power units in the market with the company's vessel assets. In March 2001 Trailer Bridge finalized a long-term agreement with Moran Towing Corporation to exclusively utilize Moran's Heidi class 4,350 horsepower tugs to pull all four of the TBC's currently deployed by Trailer Bridge. This decision followed the excellent results produced through the Company's use of two Heidi class tugs. The Company's TBC vessels are utilized for weekly services between Jacksonville, FL and San Juan, PR, as well as Newark, NJ and San Juan, PR.

Trailer Bridge Study Culminates In New Tug Contracts

Following a detailed six-month study assessing its contract towing requirements, Trailer Bridge, Inc. signed separate long-term agreements that match the best marine power units in the market with the company's vessel assets. In March 2001 Trailer Bridge finalized a long-term agreement with Moran Towing Corporation to exclusively utilize Moran's Heidi class 4,350 hp tugs to pull all four of the TBC's currently deployed by Trailer Bridge. This decision followed the excellent results produced through the company's use of two Heidi class tugs. The company's TBC vessels are utilized for weekly services between Jacksonville, Fla., and San Juan, PR, as well as Newark, NJ and San Juan, PR.

Trailer Bridge Wins Award

Trailer Bridge, Inc. announced that Jay Thomassen, Director, Corporate Sales, is the recipient of the 2003 Malcom P. McLean Innovative Spirit Award. The Company recognized Mr. Thomassen at its annual stockholders' meeting, which took place May 28th at Trailer Bridge's corporate headquarters in Jacksonville, FL. The award, in honor of the late founder of Trailer Bridge who was the leading transportation innovator of the 20th century, is given each year at the Annual Meeting to that employee whose innovative and persistent efforts particularly benefited the Company. In his remarks presenting the award for 2003, John D. McCown, Trailer Bridge's Chairman & CEO, stated, "Jay has responsibility for some of the largest accounts within the Trailer Bridge system.

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.

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.

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.

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.

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.

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.

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.

Trailer Bridge to Remain on Nasdaq National Market

Trailer Bridge, Inc. has been notified by the Nasdaq Listing Qualifications Panel that, based upon a transaction it finalized today, it has regained compliance with Nasdaq’s maintenance standards and its common stock will continue to be listed on The Nasdaq National Market. Upon receipt of the favorable decision of the Nasdaq Listing Qualifications Panel, Trailer Bridge completed the exchange of $20,378,615 of inter-company debt, the entire amount outstanding at March 31, 2002, to its affiliate Kadampanattu Corp. (“K Corp.)” into non-convertible preferred stock. The exchange had been previously approved by both companies’ boards of directors and was conditioned solely upon a favorable response from the Nasdaq Listing Qualifications Panel.

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.

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.

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.  

Trailer Bridge Announces 2Q Results

Trailer Bridge, Inc. reported its financial results for the second quarter ended June 30, 2001. Total revenue for the three months ended June 30, 2001 was $21,659,184, as compared to $23,764,889 for the second quarter of 2000. Compared sequentially to the first quarter of 2001, total revenue increased $1,022,471 or 5 percent. Trailer Bridge had 14.4 percent more overall vessel capacity deployed between the mainland and Puerto Rico with weekly Northeast sailings compared to bi-weekly sailings in the second quarter of 2000. Compared sequentially to the first quarter, total deployed capacity was up 11.9% primarily due to missed sailings due to dry-docking in the first quarter.

Trailer Bridge Reports 2Q Results

Trailer Bridge, Inc. reported financial results for the second quarter ended June 30, 2002 highlighted by a significantly reduced losses, profits in the months of May and June and the beginning effects from what is anticipated to be sharp and continuing improvements in market conditions in the Puerto Rico lane. When the company released its first quarter results, it disclosed a just announced transaction where a competitor with a 27 percent market share and operating under Chapter 11 of the bankruptcy code had sold its vessel assets to another competitor. Shortly after that transaction was finalized in mid-May, the purchaser began taking…

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.

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  

Trailer Bridge Reports 3Q Results

Trailer Bridge, Inc. reported financial results for the third quarter ended September 30, 2002 highlighted by significantly reduced losses and an improved financial condition. The effects from what is anticipated to be continuing improvements in market conditions in the Puerto Rico lane is having a more pronounced effect on fourth quarter results than in the third quarter. The discontinuance of the direct Northeast service at the end of last year, while significantly reducing costs, reduced revenues in Q3 2002 and led to an overall reduction in vessel capacity deployed of 20.4% this quarter when compared to the third quarter of 2001.

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