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Arc Logistics Partners Lp
Arc Logistics Partners LP is a publicly traded company that trades on the over-the-counter-bulletin board (OTCQX). under the ticker symbol "ARCX." The company operates as a fee-based logistics services provider, offering third-party logistics (3PL) services to the chemical industry. They are concentrated in the US Gulf Coast region. Arc Logistics Partners LP focuses on providing logistics solutions for chemical producers and distributors who need help handling and transporting intermediate and specialty chemicals, including hazardous and non-hazardous materials.
The company was previously called Magellan Logistics LP and changed its name to Arc Logistics Partners LP in 2014. It was founded in 2012 and is headquartered in Houston, Texas.
As of February 2023, Arc Logistics Partners had a market capitalization of around $100 million, and its stock price has fluctuated along with the company's financial performance. A significant factor that affects the company's earnings and growth is the demand for chemical logistics services, which can be influenced by factors like market conditions, competition, and global trade trends.
Arc Logistics Partners LP makes money by charging its clients a fee for managing and running logistics services. The fee is typically based on the amount of product moved, the services rendered, and the level of complexity. The company invoices its customers monthly.
In terms of growth, the company has focused on expanding its service offerings, investing in technology, and exploring strategic partnerships or acquisitions to enhance its market position. However, factors like global trade policies, supply chain disruptions, and market volatility can also impact the company's growth.
As of December 2022, Arc Logistics Partners LP has seen a 52-week low and high stock prices of $2.90 and $8.65, respectively. Investors considering investing in the company should research its financial performance, industry outlook, and competitive dynamics. Note that investing involves risk, including the possibility of loss.
Overall, Arc Logistics Partners LP is a logistics services provider that caters to the chemical industry in the US Gulf Coast region, generating revenue through fees and expanding its services, technology, and partnerships. Analyzing the company's performance requires considering financial performance, industry trends, and market factors. Arc Logistics Partners LP's stock is publicly traded on the OTCQX under the ticker symbol "ARCX".
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