Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The Company estimates an increase from 160 to 190 inland tank barges transporting crude by 2023.
  • Industry-wide, 27 new tank barges were added, and 48 retired in 2023.
  • The Company expects to receive 30 new tank barges in 2024, up from 10 in 2023.
  • Steel prices decreased in 2023 but remain near historical highs, impacting operations.
  • The Company added a coastal ATB in 2021, with no further ATBs planned for 2023.
  • Horsepower demand remained flat in 2023, with 4 million idled units needing repair.
  • The Company serves as an EMD distributor since the 1960s, expanding its service areas.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=56047&owner=exclude

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