10.4.4.3Vertical

Liquid Bulk Barge Operations

Companies transporting chemicals and petroleum by inland barge.

Market snapshot

These figures describe Inland Waterway & Barge (10.4.4), the segment that Liquid Bulk Barge Operations sits within — not Liquid Bulk Barge Operations on its own.

Market size
~$8B
Growth
~5.3%CAGR (2017–22, nominal)
Companies
~380
FragmentationConsolidatingEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 483211 (inland water freight transportation).

Business model & economics

Revenue model

Barge freight rates and towing fees

Key economics

Recurring revenue
Moderate

recurring bulk-commodity movements

EBITDA margin
Cyclical with commodity and barge rates
Capex intensity
High

Characteristics

  • Moves grain, energy, and bulk on U.S. rivers.
  • Led by Kirby, Ingram, ACBL.
  • Critical artery for U.S. agriculture exports.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontRhode IslandLouisiana

Inland waterway and barge operations concentrate overwhelmingly in Louisiana, the convergence point of the Mississippi River system and the Gulf.

Louisiana

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 483211. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Barge operators (Kirby, Ingram, ACBL)
  • PE-backed and strategic consolidators
  • Maritime investors

What’s driving deals

  • Barge-operator consolidation.
  • Ag-export and energy-movement demand.
  • Infrastructure and water-level dynamics.

Find Liquid Bulk Barge Operations acquisition targets

Search Acquisera’s index for companies classified under Liquid Bulk Barge Operations (10.4.4.3) and build a targeted deal pipeline.

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