River Trading

Description

River Trading Company Limited is a Limited Liability Company established under the laws of the state of Ohio. Beginning in 1986, River Trading Company (at the time, a subsidiary of Hatfield Terminals, Incorporated) began business buying and reselling coal to utilities and industries in the Upper Midwestern market. The company was founded by Tom Conlan who has been its President and CEO from inception until his retirement in December, 2009. In April 1991, River Trading Company formed a new wholly owned Corporation named River Services, Incorporated Its purpose is to manage and operate the upper harbor river terminal that is owned by the City of Minneapolis. On April 30, 1992, Hatfield & Sons, Incorporated purchased controlling interest in River Trading Company, and the Eastern Division of River Trading Company was formed for the purpose of selling coal in the Eastern and Southern markets. Hatfield & Sons, Incorporated is owned by James “Toby” Hatfield, III, the third generation of Hatfield’s in the coal business since 1882 and is the Vice President of River Trading. The Hatfield companies have evolved since that time from owning coal mines, river docks, trucking companies and barge services to one of country’s leading coal marketing, trading, dock and property management firms. In January of 2010, Edward Hatfield, the fourth generation of Hatfield’s was named President. In 1993, River Trading Company entered into an agreement to operate a river terminal in Buffalo, Iowa (Blackhawk Terminal) so the Company could properly administer over 400,000 net tons of coal annually on long term contracts. River property purchased in Muscatine, Iowa has been developed into a coal handling facility. It was completed early 2002 and allowed us to begin handling our coal contracts through it that year. We ceased operations at Blackhawk Terminal when the Muscatine facility opened. In 2003, River Trading Company purchased an additional 25 acres adjacent to our existing property which has been developed and is now part of the Muscatine facility. Near the end of 2002, the ownership of River Trading Company re-purchased the controlling interest in Cincinnati Bulk Terminals (the original Hatfield Terminal which had been the Hatfield’s control from 1882 to 1992). Cincinnati Bulk Terminals, LLC (CBT) has evolved into not only a coal sales company, but an all purpose marine terminal. With an emphasis on customer service, CBT has provided “just in time” deliveries well before it was in vogue. The excellent location gives easy access to three interstates, as well as, the Indiana and Ohio Rail Road allowing efficient transportation for a variety of bulk and break-bulk products. In 2004, the ownership of CBT and RTC, acquired the Port of Cincinnati, a multi-product trans-loading and warehouse facility located adjacent to Cincinnati Bulk Terminals. This acquisition has further expanded our ability to service more industries and transport more products. CBT/POC also maintains a sales office in Louisville, KY. In 2006, RTC acquired another coal trans-loading facility near Charleston, WV on the Kanawha River. This facility is Riverpoint, LLC.

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