River Terminals Corporation is purchased.
The history of Kirby Inland Marine, the nation’s largest inland tank barge operator, can be traced to 1948, when a group of Houston investors, including George Peterkin, Sr., father of Kirby’s former Chairman Emeritus, George Peterkin, Jr., purchased River Terminals Corporation, a transporter of petroleum between Houston and New Orleans and cotton down the Mississippi River to New Orleans. This company became Dixie Carriers, Inc. which was acquired by Kirby in 1969.