Logistic Services Inc. (LSI) announced the acquisition of substantially all assets of Five Rivers Distribution, LLC (Five Rivers), strengthening LSI’s inland waterways operations and expanding its presence on the McClellan-Kerr Arkansas River Navigation System.Five Rivers operates two strategically located multimodal terminals at the ports of Van Buren and Fort Smith, Arkansas.
Huntington Ingalls said on Thursday that it had expected free cash flow for the current quarter to be negative, despite beating quarterly profit estimates, sending its shares down 11% at midday.CEO Chris Kastner said on a post-earnings call that the negative cash flow represented use of about $600 million, "as some of the fourth-quarter working capital benefit unwinds".
American Cruise Lines has announced 10 new ships for the U.S. market beginning with American Pioneer debuting in Florida on October 31st. American Pioneer is the 2nd new Patriot Class ship the company has launched this year. All American’s new boats will continue to sail domestically, operating itineraries across the Line’s growing portfolio, including the Mississippi River, Alaska
The Metals Company said on Tuesday it has appointed former ExxonMobil upstream chief Liam Mallon to its board as the company advances plans to begin commercial recovery of polymetallic nodules in international waters under a U.S. seabed mining framework.Here are a few detailsThe move comes as the Trump administration signaled it is nearing approval for permits to mine the deep sea