Kirby Corporation (NYSE:KEX) Q4 2022 Earnings Call Transcript

David Grzebinski: Correct. Yes. We don’t see any as I think one of maybe Ben said that there was 22 barges built last year in the industry. Yes, that’s about right. The order book from what we hear is anemic and we don’t see anybody building. Now there could be some people that tied up some barges during the pandemic and there may be some of those coming back. But again, I think you see a net decline in barges in 2023.

William Baldwin: Right. Well, I knew that had been your expectation for quite a while and I just misinterpreted what was said in the release there. And that comment pertains to Kirby, not the industry. So that clarifies it. I appreciate it. Thank you very much.

David Grzebinski: Thanks, Bill. All right. Have a good day.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Mr. Kurt Niemietz for any closing remarks.

Kurt Niemietz: Thank you, operator, and thank you everyone for joining on the call today. If you have any follow-up questions, please feel free to reach out at me at 713-435-1077. Thank you.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.