Marquette Transportation Company provides marine transportation services. The Company operates in the Mississippi River system, Gulf-Intracoastal waterways, and near-shore coastwise market. Marquette Transportation serves customers with a fleet of over 130 tow and tugboats. Its positive credit factors include leading market position in the inland marine shipping industry, high operating efficiency, and stable revenues under fixed-rate contracts. Marquette's negative credit factors include high financial leverage, participation in the highly competitive and capital-intensive shipping industry, and exposure to cyclical demand swings in certain end markets.
Marquette's core customers are large buyers of bulk freight including coal, rock, salt, aggregates, steel products, industrial sand, scrap metal, and petcoke. Using the Mississippi River system, Marquette's River division delivers these bulk commodities to its core customers in North America and Europe. Its Gulf-Inland and Offshore divisions provide towing services on the U.S. inland and intracoastal waters and on the Gulf Intracoastal Waterway from Brownsville, TX to St. Marks, FL.
Marine transportation is less costly and more environmentally friendly than transporting bulk cargo by truck, rail, or air. Using one barge to carry the same volume of goods reduces fuel and emissions by a third or more. Additionally, the Jones Act requires that all vessels transporting cargo between ports be built, registered, and crewed with United States citizens.
The average salary for jobs at marquette transportation company is $185,680. This means that on average, people who work at marquette transportation company earn more than the national average.