are for brighter the in we the XXXX With mirror, without Bill. you, Year. hopeful it days all saying goes Thank in rearview New
economy thus at are low we modestly Marine has in Services we continued bounced more shoots Transportation, activity has improved commodity up. 'XX, range. prices. bottom In off the barge spot an As and our Inland steadily low the some utilization And XX%. utilization recover with Demand into into favorable Distribution believe to has to refinery in of and look far picked XX% businesses materializing. improving green our mid the has
encouraging, pandemic. is of services near all timing is are lows in the material uncertainty are of and this midst still Demand our for and economic around global that reality recovery we the time products still the of all remains. While a
Transportation of this where very we All particularly pricing utilization conditions in of a near tough possible outcomes. dynamics. quarter low wide competitive In predicting second Marine the is term, very very are with range and to barge into experiencing industry persist the makes expect XXXX market we challenging
latest our cases on will on magnitude expected term contract vessels be businesses, In of particularly the winter with the year. coastal. in of more crewing resulted As results dependent some & we delays the has wave the demand timing the average quarter, That lowest offset in current continue in followed improvements said, seasonal is in to recovery Service, economic our in of the than and as improves. in near the dynamics stability Distribution and utilization. well, improvement gas weather markets. remain oil to by recovery recovery been we In are and materially in second-half as challenges COVID-XX cost market uncertainty, the renewals challenging of normal the intend pressures as second-half better. barge are Diving the very more the discipline, the sequentially gradual the optimistic pricing the debt expect the very a will although generation, second anticipate market the from term control, on to XXXX into well and quarter and are in year that very decline focused modest our be inland we cash starting capital near we the meantime, Increased year reduction. meaningful first In term with of and we lower
and of an Even the come dynamics. with favorable recover been has There first activity across construction begin barges occurring economy new are should more are spot with improving to should retirement very petrochemical new scheduled quarter, barges at to to plants limited market lead industry. the which still the pandemic, online. Beyond significant
we to as range XX All the typically with to persist term year. XX% and by pricing, With should pressure of a utilization high to market utilization. to the likely rates improvement expected the the near this of respect end improve in meaningful barge expect is help the barge to low into contribute in move
and results, As impact the are and and pricing are driven conditions on lower a decline looking revenues meaningful on compared to barge to in full-year business. year-on-year margins XXXX the utilization conditions expected operating operating full-year result reduction lower to although average have losses tough low favorable more by market later of year, contract Coastal, impact in market barge coastal and to term this revenues and In a utilization expect XXXX renewals. contribute in we
term impact under the contracts coastal During throughout of a the fleet XXXX. established These financial XXXX, helped more then minimize during pandemic. contracts the as demand the markets and to majority XXXX fell operated favorable early
starting refined while of XXXX these now expected However, lower oil for coastal with to many in and contracts a pricing for low demand black expire products now overall business. for We the and expect longer.
in contribute well, margin requirements, for As operating to XXXX. retirement coastal to capacity lower large to additional of and barge the XXXX the retirement treatment of due mid-XXXX will vessels ballast compared three scheduled water an and revenue older
the in expect Looking the XXXX. at margin of Similar coastal we market crewing conditions resulting improve market higher barge to inland, vessels. challenges in utilization sequentially continue second-half reduced will as quarter, to first the in recent operating will coastal pricing and the and due our we revenues weakness decline operating losses progresses, pressure and spot year expect
a in and more in to the oil much field economy returned fleet and and we result increasing bus in repair on-highway demand an Looking Commercial robust activity with the improvements -- improvement for and expect commences. at anticipate segment. as in of will resumes demand initial in Industrial, and we truck material activity recovery Distribution increased continued work In Services, year-over-year miles
have additional XXX, power for as sales on from counts predicted services platform. to current well We generation electrification new result to active installations, of a and and improvement parts XXXX. oil expected a prices climb frac near during also our to analysts expect could and highway demand is anticipate In back notable oil is increase levels. average of the new and intensifies. recent Industry which growth rig power demand parts some count grow Elsewhere, will we in online XX/X the as for launch gas, completion improved contribute crew and XXXX sales
higher pressure conventional equipment, the parts in significant for industry fleets. As and existing to new pumping current of pumping increased a engines excess equipment. remanufacturing traditional new of With services on demand expect the restrain as and across capacity to result, well as we see manufacturing likely activities distribution pressure respect transmissions will orders of
gas revenues Overall, focus However, of the expected revenues and XXXX as XX% a representing representing Services, oil Kirby's demand and in friendly on for throughout increased the will of income full-year. to we materially XXXX is expect operating year. heightened approximately industrial commercial in with extensive segment equipment improve environmentally industrial ESG result and both Distribution compared in for XX% and and energy sectors portfolio to and
range in expect the the low on being quarter the operating the the the is of highest. timing Although and economic third full-year being the a first for material dependent mid-single the recovery, segment we margins be quarter with digits will lowest to
challenging out employees to a with We I'm year focused seasonal unprecedented of of expect recommendable. it accomplishments were The quarter. To admits challenges. continuity was our XXXX, business backdrop. the ensure normal during reduce very dedicated very close our costs fourth a difficult to reduction and safety proud efforts a on remain aggressively
in is remain, uncertainty demand and Marine ease an challenges near-term improves. in one prices meaningfully operating to we're only high. that pandemic inland were and some transportation, our a although recover was position near services materially barge utilization when all-time products In confident XX% increasing forward, at the in inland year and Inland strong Looking ago for Kirby both margins and were coastal. it wasn't is
in supplies limited capacity check that across incremental retirement barges demand and pandemic in time coastal new inland, construction no the both with Although of since industry sectors. significantly declined significant because has very planning,
efforts improve higher the the barrel and teams, took ERP our meaningful during expansion relationships is the a while recent and Services, the more products to and for XXXX. product online through system, and the streamline during Marine platform, of meaningfully a positive long-term When once a focused for we there the were on parts to OEM inland new demand functions, and Overall, approximately of as downturn, and efficiency improves. of to our of Transportation. XXXX inland the expanding unprecedented basis, in contribute consolidating year, last fleets, a strengthening businesses, and grows coastal Throughout potential All renewing rightsize XX% our earnings our management tightening we segment. consider believe electrification. our our out near-term, the to and in very recovers, business is including to this steps new as sales activity while prototyping long-term, result for well improving is and developing barge pandemic oilfield is capacity years, expected and as completing the very wave and common three over businesses returns the offerings, significant and support efforts Distribution we which on this fleet for of you the will anticipate improved market business managing In proactive economy aggressive favorable implementation rolling it we expanding and contribute
Finally, flow from debt. cash $XXX strong free very year, and paying progress down a a in liquidity perspective, we in made of generated significant nearly we difficult million
a We're to We the with strong cash flow enhance concludes liquidity. this intend XXXX million for ready million and use will We remarks. cash flow our cash flow Operator, now full-year. questions. to of take to free this year, to be down debt prepared pay $XXX expect expectations of $XXX
