Press Release,
Tuesday, September 12, 10:20 AM ET

Trailer Bridge CEO John D. McCown to Be Luncheon Speaker at Marine Environmental Conference
 

 

JACKSONVILLE, Fla.--(BUSINESS WIRE)--September 12, 2006--Trailer Bridge, Inc. (NASDAQ:TRBR):today announced that the Company's Chairman & CEO, John D. McCown, will be the luncheon speaker today at the commencement of Global Greenship 2006, a two-day conference in Washington, D.C. Sponsored by Marine Log, a leading marine industry publication, the conference and expo is focused on the best environmental practices and technologies and attendees will include vessel operators, marine suppliers, regulators and government officials.

Trailer Bridge will relate what it has learned in recent years about vessel emissions. The area of vessel emissions has recently received more attention, in part due to the growing awareness that vessels worldwide, while consuming only 2% of the petroleum used by internal combustion engines, are responsible for a double-digit percentage of various greenhouse gas emissions. Typical marine engines are among the dirtiest combustion sources per ton of fuel consumed because of the residual fuel used by most vessels.

The one large trade lane where an in-place fuel difference exists today is Puerto Rico. Tug/barge systems like Trailer Bridge's move half the cargo in the trade lane, utilizing tugs with high-speed engines that require a cleaner distillate fuel. A study using all the relevant fuel consumption and emissions factors, showed vessels utilized by Trailer Bridge translate into 4 to 6 times fewer greenhouse gases per unit mile of cargo compared to the self-propelled vessels burning the dirtier residual fuel.

In order to be more environmentally responsible, the largest container carrier in the world recently announced a voluntary initiative to use a distillate fuel while in and near Southern California ports. The reductions in sulfur oxide and particulate matter emissions referenced with that initiative were consistent with the differences in emissions between Trailer Bridge's vessels using distillate fuel and self-propelled competitors using residual fuel. In the case of Trailer Bridge, however, those relative emissions reductions occur for the entire voyage and not only while near or in port.

"You see more examples of businesses taking a different slant and rejecting the notion that sound environmental policies are somehow in conflict with their business model," stated Mr. McCown. "Wal-Mart is a leader in pursuing transportation initiatives that both reduce costs and provide environmental benefits in a win-win that could aptly be called entrepreneurial environmentalism. I think we're moving towards a tipping point where shippers will begin to give some consideration to the environmental aspects of their marine carriers."

In his remarks, Mr. McCown will highlight that Trailer Bridge is a marine freight system designed to deliver superior cost economics that also happens to have a much cleaner environmental footprint. "In our system, some of the elements that deliver cost efficiency also bring with them a cleaner environmental footprint. We lead with a more cost-efficient business model, but we now also know that we follow through with 4 to 6 times fewer greenhouse gases."

Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico, 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 and San Juan. 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. 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 economic recessions, severe weather, changes in the price of fuel, changes in demand for transportation services offered by the Company, capacity conditions in the Puerto Rico trade lane and changes in rate levels for transportation services offered by the Company.

 


Contact:
Trailer Bridge, Inc.
John D. McCown, 800-554 -1589
www.trailerbridge.com
 or
TRBR Investor Relations Counsel:
The Equity Group Inc.
Adam Prior, 212-836-9606
Devin Sullivan, 212-836-9608
www.theequitygroup.com

Source: Trailer Bridge, Inc.


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