Campbell Transportation Signs Agreement with American Commercial Barge Line
Campbell Transportation Company, Inc., a fully integrated marine services company, has announced that they have signed an agreement with American Commercial Barge Line LLC to acquire certain affreightment contracts along with 155 barges and 4 towboats that will operate on the Ohio River system. Once the acquisition has been completed, Campbell Transportation Company will own and/or manage over 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company. Campbell is committed to providing safe, efficient and reliable service to our customers moving over 60 million tons of product annually. The transaction is subject to customary closing conditions and we anticipate that the closing will occur by the end of the second quarter of this year.
The products and services herein described in this press release are not endorsed by The Maritime Executive.