TRBR Trailer Bridge, Inc. (MM)

Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced that the Company was recently recognized for outstanding achievements in environmental excellence by the Chamber of Shipping of America (CSA). The organization recognized Trailer Bridge for “environmental excellence during 13 consecutive years of operation.” Each of the Company’s seven vessels was noted for “devotion to the principles of environmental protection established by the international community, U.S. Federal agencies and local authorities.” The Company’s vessels have operated without incident throughout the Company’s history.

J. Edward Morley, Trailer Bridge’s Vice President – Marine Operations, said, “We are honored to receive this award, and believe that we have been at the forefront of environmental issues in marine transportation for years. The Company uses an Ultra Low Sulfur Diesel Fuel (ULSD) in each of its vessels. Trailer Bridge has gradually shifted from using a Low Sulfur Diesel Fuel (LSD), which is still allowed by the Environmental Protection Agency for use in marine vessels to the cleaner ULSD that will be required in the future. We believe this distinguishes Trailer Bridge from its peers.” Ivy B. Suter, Chief Executive Officer added, “The Company’s customer relationships are often driven by our more cost-efficient transportation system, and this environmental edge is becoming increasingly important for companies concerned about their environmental footprint. As a reference, we use ULSD with a sulfur content of 6 ppm and our self propelled competitors typically use fuel with a sulfur content of up to 45,000 ppm."

ABOUT TRAILER BRIDGE, INC.

Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico and Dominican Republic, bringing efficiency, service, security and environmental and safety benefits to domestic cargo in that traffic lane. This total transportation system utilizes its own trucks, drivers, trailers, containers and U.S. flag vessels to link the mainland with Puerto Rico via marine facilities in Jacksonville, San Juan and Puerto Plata. Additional information on Trailer Bridge is available at the www.trailerbridge.com website.

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters discussed in this press release include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to the future operating performance of the Company and its asset utilization. Investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward looking statements as a result of various factors. Without limitation, these risks and uncertainties include the risks of changes in demand for transportation services offered by the Company, changes in rate levels for transportation services offered by the Company, changes in the cost of fuel, unfavorable outcomes from the United States Department of Justice (“DOJ”) investigation and related class actions, economic recessions and severe weather as well as the ability to retain and/or attract the necessary personnel and maintain necessary vendor relationships.

Trailer Bridge (NASDAQ:TRBR)
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De May 2024 a Jun 2024

Trailer Bridge (NASDAQ:TRBR)
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De Jun 2023 a Jun 2024