On January 09, 2023, Kirby Corporation announced its board of directors has concluded the Company?s review of strategic alternatives for its Distribution and Services business, which was initiated in early 2022 and with the support of its independent financial and legal advisors, reviewed a range of alternatives, including a sale or spin-off of the Company?s Distribution and Services business, and held discussions with a number of potential strategic and financial counterparties. Following a thorough review of strategic alternatives, the Company Board determined that the best way to enhance shareholder value is to continue to execute on the strategic plan for both the Marine Transportation and Distribution and Services businesses at this time.