Chicago-based CC Industries acquired Southern Towing Company (STC) from Trive Capital and McCombs Partners. Founded in 1958, STC is one of the largest operators of towboats and barges along the inland waterways of the United States.This acquisition expands CCI’s portfolio of industry-leading businesses, and marks another CCI investment in the transportation equipment and logistics sector.
The Inland Waterways View.At the start of any new year, we are often asked what our challenges will be or what we are going to do differently in the year ahead. However, in 2019, just like each year since Waterways Council, Inc. (WCI) was founded in 2003, we intend to stay the course to advocate for full and efficient funding for the U.S.
Some residents and visitors prepared to flee New Orleans on Thursday as Tropical Storm Barry closed in and city officials warned of severe flooding if it makes landfall by early Saturday as the first Atlantic hurricane of the 2019 season.The storm had maximum sustained winds of 40 miles per hour (64 kph) as of 10 a.m. CDT (1500 GMT) on Thursday, the National Weather Service said.
Waterways Council, Inc. (WCI) reacted to the Trump Administration’s release of an outline of its top-line FY20 budget numbers yesterday. Today, the Corps of Engineers released its account and project-specific funding levels. For the U.S. Army Corps of Engineers’ Civil Works program, the FY20 budget proposes $4.827 billion, a 31% cut from the FY19 appropriated amount of $7.0 billion.
The Memphis District U.S. Army Corps of Engineers has several missions associated with the Mississippi River. One of the most important is to keep the river channel at a depth that allows the river barge industry to dependably transport goods up and down the river.To deliver on this charge, the Memphis District awarded a contract/task order in the amount of $7,987
Tennessee-based MasterCraft Boat Holdings, maker of recreational powerboats, announced new 2020 model year features for its towboat range, through a combination of new in-house designs and leveraging its exclusive partnerships.The company that has four wholly-owned brands, MasterCraft, NauticStar, Crest and Aviara Boats
Arcosa Marine, a wholly-owned subsidiary of Arcosa, Inc., has announced the acquisition of the assets of Wintech International, LLC, a leading provider of winches to the marine, rail, and industrial markets. The acquisition expands Arcosa Marine’s product offerings to complement Arcosa Marine’s Nabrico brand of winches and deck fittings.
Tennessee-based Aviara Boats delivered a new luxury recreational day boat experience with today’s debut of its first model, the AV32, at the Miami International Boat Show.The first of a fleet of vessels 30-feet and over, Aviara’s AV32 is a 32-foot luxury bowrider that creates a flawless open water experience rooted in precision control, guest entertainment and premium all-day comfort and luxury.
Waterways Council, Inc. (WCI) reacted to the Trump Administration’s release of an outline of its top-line FY20 budget numbers yesterday. Today, the Corps of Engineers released its account and project-specific funding levels.For the U.S. Army Corps of Engineers’ Civil Works program, the FY20 budget proposes $4.827 billion, a 31% cut from the FY19 appropriated amount of $7.0 billion.