Canal Barge Company Hits Record Revenue
New Orleans News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Canal Barge Company, a New Orleans-based marine transportation leader, achieved a record revenue of $549.4 million in 2025, marking a 3% increase from the previous year. This impressive performance occurred amidst a significant ownership shift, as Redwood Holdings acquired the company and merged it with Marquette Transportation. The new entity, one of the largest towboat and barge operations in the country, saw high fleet utilization, solid contract renewals, and booming tank barge demand drive the revenue growth. With stable customers, good operating conditions, and potential growth opportunities due to lower interest rates and friendlier regulations, the company looks poised for another record year in 2026.
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