NEWS limits." The Tug Simulator allows PMI to create realistic situations that push new operators to their limit. Throughout the program, the operators have the opportunity in here to make mistakes, and most importantly, to learn from them. "Our tug simulator is an effective tool for companies to accomplish customized training for their employees," said Gregg Trunnell, Director of the Pacific Maritime Institute. "Being able to offer this type of training to our training companies was the motivation for building this second simulator at our facility. We have successfully offered specialized training to companies within various ports and waterways and will continue to work on specialized simulation exercises for our customers." $11.1m or $0.18 per diluted share for the first quarter of 2006. Results for the first quarter of 2007 included debt retirement expenses of $21.7 million on the retirement of the Company's 9.5 percent senior notes which reduced earnings per share by $0.22. The transportation segment's revenues increased 2.6% over the prior year to $176.1 million in the first quarter, driven by average fuel neutral rate increases of 1.8% on our dry freight business and 16.2% on our liquid freight business compared to the first quarter of 2006. The fuel neutral rate on our dry freight business was impacted by 12% lower spot grain rates. Volume measured in ton-miles declined in the first quarter to 10.2 billion from 10.8 billion in the same period of the prior year, a decrease of 5.3%. On average, 7.0% fewer barges operated in the first quarter of this year compared to the first quarter of last year. Last year's first quarter volumes were benefited both by favorable weather conditions and carryover grain demand as a result of the 2005 hurricanes. The manufacturing segment's revenues, inclusive of barges manufactured for internal use by ACL, were $52.7m in the first quarter compared to $50.5m during the same period last year. No barges were built for internal use in the first quarter of 2007, driving external revenue of $52.1m compared to $25.7m during the first quarter last year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for the first quarter of 2007 were $35.3 million with an EBITDA margin of 15.5% compared to $34.7 million for the first quarter of 2006 with an EBITDA margin of 17.5%. The attachment to this press release reconciles net income to EBITDA. Jaworski holds a Bachelor of Science degree in Marketing from Ashland College. Dräger's 100th 2007 marks 100 years that Dräger first established subsidiary offices in the United States. The parent company, Drägerwerk Lübeck, was founded in 1889 by Heinrich and Bernhard Dräger in Lübeck, Germany. At the turn of the century the company was having great success with its rescue breathing apparatus used by miners and fire brigades in Europe, England and Mexico. And in 1904, Dräger was awarded a gold and a silver medal at the World's Fair Universal Exposition in St. Louis for their respiratory devices. Heinrich Dräger's son Bernhard, along with a Walter Mingramm, established their first American subsidiary offices at 11 Broadway in New York City in 1907 and within a few months, moved the company to Pittsburgh, Pa. calling it the Draeger Oxygen Apparatus Company. The Pittsburgh offices were located in a building bordering the Monongehla river in downtown at 422 First Avenue and the building still exists today. ACL Appoints GM ACL announced that Dan D. Jaworski has been promoted to Vice President and General Manager of the company's newly announced Liquid Transportation Division, with headquarters in Houston, Texas. The Liquid Transportation Division is a new commercial and operations unit for ACL with 2006 revenues of approximately $190m. Jaworski joined ACL in 1981 and has most recently been serving as Vice President, Liquid Sales at the company's Jeffersonville, Ind.,headquarters. He has 25 years experience in the marketing of liquid commodities. ACL Announces 1Q Results American Commercial Lines Inc. (ACL) announced results for the first quarter ended March 31, 2007. Revenues for the quarter were $228.2 million, a 15.6 percent increase compared with $197.5m for the first quarter of 2006. Net loss for the quarter was $1.1 million or $0.02 per diluted share, compared to net income of TOUGH. SMART. ALWAYS READY. JUST LIKE YOUR ENGINE. Out there, access to gasoline won't be getting any easier. And knowing what type of fuel is available isn't always a given either. That's why Mercury Racing® developed the world's first and only production V-6 multiple-fuel outboard engine, OptiMax® JP. Built to run on JP5, JP8 or Commercial Jet A fuel and even gasoline in emergencies, the adaptable OptiMax JP® makes sure it's ready whenever you are. And in true Mercury® fashion, it also features immediate, hammer-dropping power and a durable gearcase to stand up to the tough, unpredictable conditions you face every day. That way you'll rest assured knowing when the rest of the world is counting on you you can count on your Mercury. OptiMax JP 300 HP The Only JP-Fueled Outboard in the World. For more information on our government sales program, visit mercurygovsales.com, email firstname.lastname@example.org or call 866-408-6372. © 2007, Mercury Marine, All Rights Reserved May, 2007 · MarineNews · 19
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