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 U.S. Coast Guard said it is responding to a sunken towing vessel near mile marker 22 on the Tennessee River, Tuesday. The two crew members on board were able to evacuate safely.The nearby Kentucky Lock and Dam has ceased locking operations due to the incident.The Coast Guard said its watchstanders at Sector Ohio Valley received a report at approximately 10 p.m.
The Coast Guard, the Army Corps of Engineers and Tennessee Valley Towing Company, the responsible party, are continuing their response to a tug and barge accident on the Ohio River in Louisville, Kentucky, Wednesday.The water at the McAlpine Dam rose approximately three feet over the course of the past 24 hours causing one additional barge to sink.
American transportation company Norfolk Southern has signed a deal with Kalmar, part of Cargotec, for supply of four Kalmar SmartPower rubber-tyred gantry cranes (RTGs) equipped with a suite of process automation solutions.According to a press release, the order was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to be completed by the end of Q4 2019.
The Coast Guard, the Army Corps of Engineers and Tennessee Valley Towing Company, the responsible party, are continuing their response to a tug and barge accident on the Ohio River in Louisville, Kentucky, Thursday.The Coast Guard reopened the Ohio River to all vessel traffic from Twelve Mile Island to McAlpine Lock and Dam.
A section of the Ohio River near Louisville, Ky. has been closed to all vessel traffic after 15 loaded coal barges broke away from a towing vessel that made contact with a bridge in the area.The U.S. Coast Guard said its watchstanders at Sector Ohio Valley received a report at approximately 8:10 p.m.
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.