Bouchard Says All Back Pay Processed
Bouchard Transportation Co. reports all back pay has been processed as the company continues to work to raise capital that would allow it to return its vessels to service, the company's president and CEO Morton S. Bouchard III said Tuesday in a letter to staff, customers and vendors.
The full letter is below:
To Bouchard Transportation Co., Inc. Valued Staff, Customers and Vendors:
On Monday, March 16, 2020 Bouchard Transportation Co., Inc. as agent on behalf of the individual vessel corporations is pleased to announce that all back pay has been processed. Bouchard Transportation Co., Inc. continues to work on raising capital that will enable the Company to return all vessels back to operation. Bouchard Transportation Co., Inc. would like to thank all of our employees who remained with us and returned to their assigned vessels.
I would personally like to thank all of our dedicated employees who remained with Bouchard Transportation Co., Inc. and all of our vendors and customers who were patient during this challenging time. I will continue to work to right this ship and service our customers.
Our thoughts and prayers are with all Americans as we all do our utmost to remain healthy.
Sincerely,
Morton S. Bouchard III
President/CEO