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Kirby Corporation reported third-quarter 2017 net earnings of $28.6 million, or $0.52 per share, down from $32.0 million a year earlier, on revenue of $541.3 million versus $434.7 million. Results were hurt by the Hurricanes Harvey and Irma but helped by customer delay recoveries and firmer inland barge utilization.
Firmer inland barge utilization after Hurricane Harvey signals tighter barge capacity on the Mississippi system, which can lift barge freight costs for grain and feed shipments.
marinelog.comNick BlenkeyNov 2, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
