S3:E177 | Mike Hagan & Jim Fox | "All Markets Are Made at the Margin"
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S3:E177 | Mike Hagan & Jim Fox | "All Markets Are Made at the Margin"
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From Louisville, Kentucky, former CEO Mr. Mike Hagan joins me with a previous podcast guest and associate of his, Mr. Jim Fox, to chat about industry history and development. Starting out after college as a management trainee with ACBL, Mr. Hagan reminisces about dispatch back in the 70s, Mr. Joe Bobzien, efforts over the years to improve accounting and dispatch systems, the advent of technology onboard vessels, the rampant overbuilding of the barge fleet across the industry in the late 70s and early 80s, and the Russian grain embargo that put Brazil and Argentina in the grain business.We also hear about the acquisition of Texas Gas (and it's subsidiary, ACL) by the CSX Railroad, antitrust litigation, John Snow, a business venture in South America, a new quality program, Chapter 11 bankruptcy, and Mr. Hagan's journey to retirement thereafter. It's a long one, but it tracks history from a rare perspective and set of life experiences. Pause as necessary, but come back to it! Enjoy!