The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.
MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004
Make sure you know how the new tax rules work!
March 11, 2005
Barge fleet still shrinking
Though newbuilding is up, the U.S. inland barge fleet continued to shrink last year, down more than 2,000 barges from an historical high six years ago.
In this past year, although 510 new barges were added to the overall fleet, barge operators retired 942 barges.
New barge construction saw its first year-over-year increase after six consecutive years of declines.
These are some of the findings in the latest Barge Fleet Profile from by Informa Economics, Inc.
Now in its eighteenth year, the Barge Fleet Profile identifies the line haul, commodity carrying fleet of inland barges operating on the Mississippi River system, its connecting waterways and the Gulf Intracoastal Waterway.
The report, which is compiled through an annual survey of operators as well as information from the Army Corps of Engineers, also summarizes the size and average age of the fleet by barge operator for each type of barge