Kirby (KEX) Total Ton Miles

Measures the volume of cargo transported over distance, indicating operational scale and efficiency in the company's logistics and transportation services.

Total Ton Miles have turned up sharply in 2025–H1 2026, reversing a multi‑quarter plateau and signaling a real volume inflection driven by inland demand and better spot/renewal pricing. Higher inland utilization, limited newbuilds and expanding Power Generation work make the volume gains look durable and help explain management’s confidence toward the top end of guidance. Near‑term risks (temporary fuel headwinds, elevated shipyard activity and Jones Act waiver uncertainty) could pressure coastal volumes, but current ton‑mile momentum materially supports revenue and cash‑flow upside.