Key vendors to shift focus towards single-source supply during the forecast period
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the barge transportation market in the US in their latest research report. This report also lists 12 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
To identify the top vendors, Technavio’s market research analysts have taken into account the volume of trade carried through different types of barges. It presents an in-depth analysis of different types of barges used in the market and products transported in them.
This Technavio report, under the transportation and distribution vertical, is based on the synthesis, analysis, and interpretation of information about the barge transportation market in the US collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The market for barge transportation in the US is highly consolidated and is dominated by few vendors. The direct competitors in the market are primarily non-captive barge operators. The companies face indirect competition from captive fleets owned by major oil and petrochemical companies, refined product and petrochemical pipelines companies, and railroad tank cars and tractor-trailer tank trucks. Vendors compete primarily on the basis of price. However, increased emphasis on safety, environment, and quality is causing a shift in focus towards single-source supply of all these services and capability to handle a variety of tank barge requirements.
“The construction of new tank barges with more storage capacity is the latest trend in the barge transportation market in the US. The increase in demand for crude oil in the US is propelling the demand for the usage of tank barges through inland waterway transportation. Many vendors in the market are now providing shipping services for transportation of liquid-bulk cargo,” says Sharan Raj, a lead analyst at Technavio for transportation and distribution.
Top five vendors in the barge transportation market space in the US
ACBL
ACBL is an inland marine transportation and service company that offers barge transportation, naval architecture, and other related services. The company also designs and manufactures barges and ocean service vessels and offers civil construction and environmental consulting services. It mainly transports dry bulk commodities and bulk liquid cargoes such as chemicals, salt, edible oils, containers, steel, coal, fertilizers, and cement. The company owns and operates a fleet of around 2,300 barges, powered by over 100 towboats.
Key products: Affreightment, Dedicated barges, Unit-tow, Contract towing, Barge management, Warehouse and liquid tank storage, and Industrial development.
Ingram Marine Group
Ingram Marine Group operates around 4,000 barges with a fleet of 100 linehaul vessels and about 40 boats. The company operates as a subsidiary of Ingram Industries. The company has strong connections with organizations such as the American Waterways Operators, American Association of Port Authorities, Mississippi Valley Trade and Transport Council, Tennessee-Tombigbee Waterway Development Authority, Seamen’s Church Institute, Maritime Global Net, and Waterways Council.
Key products: Marine transportation and Custom fuel services.
Kirby
Kirby provides marine transportation and diesel engine services through its barge fleet. It is a leading tank barge operator in the US. It caters to the coal, agricultural, and chemical industries. The company generates revenue through two key business segments which include marine transportation and diesel engine services.
Key products: Marine transportation, Inland tank barges, Inland towboats, Coastal tank barges, Coastal tugboats, Offshore dry-bulk cargo barges, Offshore tugboats, Docking tugboat, and Diesel engine services.
SEACOR
SEACOR along with its subsidiaries owns, operates, and markets equipment primarily for global offshore oil and gas, shipping, and logistics industries. The company has operations in various countries across the world including the US, UAE, Qatar, Singapore, and the UK. The company provides marine transportation equipment and logistics services primarily for energy and agricultural industries. It also maintains several joint ventures in various locations worldwide.
Key products: Offshore marine services, Inland river services, Shipping services, and Illinois corn processing.
Other prominent vendors in this market include AgriChem Marine Transportation, Alter Logistics, Argosy Transportation, ATS International Services, Barge America, Blessey Marine Services, Bouchard Transportation, Campbell Transportation, Canal Barge, Ceres Barge Lines, Heartland Barge, and McAllister Towing and Transportation.
A more detailed analysis is available in the Technavio report, Barge Transportation Market in the US 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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