Trinity Industries Reported Much Lower Tank Barge Construction

In its Q2 results:

Revenues decreased for the three and six months ended June 30, 2016 by 37.0% and 32.8%, respectively, compared to the same periods in 2015 primarily from lower volumes of tank barge shipments. Cost of revenues decreased by 29.6% and 26.3% for the three and six months ended June 30, 2016, respectively, when compared to the same periods in 2015 due to lower volumes and product mix changes. Selling, engineering, and administrative costs decreased for the three and six months ended June 30, 2016 compared to the same periods in 2015, primarily due to lower compensation costs.

As of June 30, 2016, the backlog for the Inland Barge Group was $251.0 million compared to $454.0 million as of June 30, 2015.

Trinity Industries Reports Q2 2013 Earnings

Trinity Industries (a Conrad Industries competitor; previously mentioned) reported its Q2 2013 earnings:

"The Inland Barge Group received orders of $230.6 million during the second quarter of 2013, and as of June 30, 2013 had a backlog of $563.6 million compared to a backlog of $483.0 million as of March 31, 2013. [...]

We continue to see strong fundamentals in the tank barge market and maintain our operating margin guidance of between 14% and 16% for the year."

Barge backlog up 16% year over year. Things are still looking good for Conrad.