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In March 2007, the controlling shareholder of Crowley Maritime offered $2,990 per share to buy out public investors, a price equal to 258% of the last traded price of shares when the Forum started in April 2004.

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The Business Journal of Jacksonville - January 17, 2005
http://jacksonville.bizjournals.com/jacksonville/stories/2005/01/17/daily8.html

2:49 PM EST Monday

Crowley to acquire hundreds of new containers

Crowley Liner Services Inc. has started to take delivery of 1,049 new 45-foot containers and chassis and will soon get 200 new 53-foot containers.

The containers will be delivered over the next two months to Crowley's facilities in Jacksonville and Port Everglades. They will be used to meet increased customer demand for the company's Latin American, Caribbean and Puerto Rican shipping services.

The 53-foot equipment will be used only in the United States-to-Puerto Rico trade lane.

"We are continuing to put money back into the business in the form of new equipment and services," said Tom Crowley Jr., chairman, president and CEO of Crowley Maritime Corp. "These types of improvements go a long way toward solidifying customer satisfaction and helping us to be the preferred carrier for so many shippers."

Crowley has a fleet of 2,170 45-foot containers and 1,000 53-foot containers.

Jacksonville-based Crowley Liner Services is a subsidiary of Oakland, Calif.-based Crowley Maritime Corp. and is part of its liner segment.

© 2005 American City Business Journals Inc.

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