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Article: WorkBoat Composite Index: 24% increase in third quarter.(At AGlance)
- Article from:
- Workboat
- Article date:
- November 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Diversified Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The WorkBoat Composite Index gained ground for the third month in a row in September, posting an increase of 83 points, or 8 percent. The Index closed out the third quarter at 1141 on Sept. 30. For the quarter, the Index jumped 223 points, or 24 percent.
In September, winners topped losers by a 4-1 ratio. Top percentage gainers included American Commercial Lines. ACL was up $7.72, or 36 percent, in September. The Jeffersonville, Ind., barge operator announced that it had realigned its transportation services business into two regional divisions.
The company said the realignment would reduce costs, improve efficiencies and streamline communication. ACL ...