# Kirby’s fleet sees big rate increases as bottom line jumps

> Kirby Corp reported a jump in its bottom line, driven by big rate increases in its inland barge fleet. Spot barge rates rallied despite low water levels on the Mississippi River. CEO David Grzebinski expects the fourth-quarter strength to carry into the new year.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/37962-kirby-s-fleet-sees-big-rate-increases-as-bottom-line-jumps
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Low Mississippi water levels constrain barge capacity and push up freight costs, which widens the basis for grain and meal shipped from the Midwest. Higher barge freight makes US origin feed ingredients less competitive in export markets.

## Read by commodity

- BARGE: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/tankers/kirby-s-fleet-sees-big-rate-increases-as-bottom-line-jumps/2-1-1396274

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.