Kirby Corporation

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This article is about the maritime equipment corporation. For the vacuum maker, see Kirby Company.
Kirby Corporation
Type Public
Traded as NYSEKEX
Industry Maritime
Predecessors
  • Kirby Industries, Inc.
  • Kirby Exploration Company, Inc.
Founded January 31, 1969 (1969-01-31)
Headquarters Houston, Texas, United States
Key people
  • Joseph H. Pyne, Chairman
  • David W. Grzebinski, CEO
Revenue
  • IncreaseUS$2,242,195,000 (2013)
  • US$2,112,658,000 (2012)
Operating income
  • IncreaseUS$436,182,000 (2013)
  • US$364,833,000 (2012)
Net income
  • IncreaseUS$256,299,000 (2013)
  • US$212,619,000 (2012)
Total assets
  • DecreaseUS$544,006,000 (2013)
  • US$596,256,000 (2012)
Total equity
  • IncreaseUS$2,010,686,000 (2013)
  • US$1,694,968,000 (2012)
Website www.kirbycorp.com/index.cfm
Footnotes / references
[1][2]

Kirby Corporation, headquartered in Houston, Texas is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Kirby's service includes the transporting of petrochemicals, black oil, refined petroleum products and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting dry-bulk commodities in United States coastwise trade.

Through Kirby's diesel engine services segment, Kirby is the leading after-market service provider for medium-speed and high-speed diesel engines, reduction gears and ancillary products for marine and power generation applications. Kirby also serves as a distributor and service provider for high-speed diesel engines, transmissions, pumps and compression products, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the land-based pressure pumping and oilfield service markets.

Kirby Inland Marine operates the nation's largest fleet of inland tank barges and towing vessels. Petrochemicals, such as styrene, benzene and methanol; liquid fertilizer, including anhydrous ammonia; refined products, including gasoline, diesel and jet fuel; black oil, such as asphalt, No. 6 fuel oil, crude oil and coker fuel; and pressurized products, such as butane, propane and butadiene, are transported efficiently and safely from producers to intermediaries to end users.

Kirby's service area spans America's inland waterway network: The Gulf Intracoastal Waterway, the Mississippi River System, the Illinois River, the Ohio River and numerous other waterways. Kirby operates 874 active inland tank barges, 254 active towing vessels and five fleets. Kirby represents the industry leader in safety, customer service and environmental protection.

History[edit]

The predecessor of the current company, Kirby Industries, Inc., was founded in 1921.[3] The current company was founded in 1969 as a subsidiary of that company called Kirby Exploration Company, Inc., and later spun off in 1976. The company changed its name in 1990.[1]

Management[edit]

Kirby Corporation's board of directors is:[2]

  • Richard J. Alario
  • C. Sean Day
  • Bob G. Gower
  • David W. Grzebinski, President and CEO
  • William M. Lamont, Jr.
  • Monte J. Miller
  • Joseph H. Pyne, Chairman
  • Richard R. Stewart
  • William M. Waterman

Other principal officers include CFO C. Andrew Smith.[2]

Subsidiaries[edit]

The company has ten subsidiaries:[1]

  • Kirby Inland Marine, LP
  • Kirby Corporate Services, LLC
  • KIM Holdings, Inc.
  • Kirby Terminals, Inc.
  • Kirby Logistics Management
  • Sabine Transportation Company
  • AFRAM Carriers, Inc.
  • Kirby Engine Systems, Inc.
  • Kirby Tankships, Inc.
  • Kirby Ocean Transport Company
  • Kirby Offshore Marine, LLC
  • K Equipment, LLC

References[edit]

  1. ^ a b c "Kirby Corporation 10-K". Securities and Exchange Commission. 24 February 2014. Retrieved 23 August 2014. 
  2. ^ a b c "Directors and Officers". Kirby Corporation. 2014. Retrieved 23 August 2014. 
  3. ^ "KEX Profile". Yahoo! Finance. Yahoo!, Inc. 22 August 2014. Retrieved 23 August 2014. 

External links[edit]