Kirby: Rising Freight Rates and High Fleet Utilization Ignite Price Turbo

Kirby impresses with better-than-expected Q1 numbers and raised guidance thanks to rising freight rates A significant increase in freight rates in the spot market for liquid transportation triggers massive institutional follow-on purchases under high trading volume. The ongoing momentum in the US chemical and refinery sector ensures long-term increasing operating margins and robust profit growth. The American Kirby Corp. operates as the country's dominant operator of inland tank barges. The company transports liquid bulk goods such as...