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Revenues
 9 Months Ended
Sep. 30, 2021
Revenues [Abstract]  
Revenues

(3) Revenues

 

The following table sets forth the Company’s revenues by major source (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Marine transportation segment:

 

 

 

 

 

 

 

 

 

 

 

 

Inland transportation

 

$

255,791

 

 

$

247,647

 

 

$

733,830

 

 

$

869,224

 

Coastal transportation

 

 

82,723

 

 

 

72,955

 

 

 

238,522

 

 

 

235,622

 

 

 

$

338,514

 

 

$

320,602

 

 

$

972,352

 

 

$

1,104,846

 

Distribution and services segment:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

153,056

 

 

$

127,224

 

 

$

426,930

 

 

$

418,763

 

Oil and gas

 

 

107,350

 

 

 

48,741

 

 

 

256,112

 

 

 

158,043

 

 

 

$

260,406

 

 

$

175,965

 

 

$

683,042

 

 

$

576,806

 

 

Contract liabilities represent advance consideration received from customers, and are recognized as revenue over time as the related performance obligation is satisfied. Revenues recognized during the nine months ended September 30, 2021 and 2020 that were included in the opening contract liability balances were $40,315,000 and $37,153,000, respectively. The Company presents all contract liabilities within the deferred revenues financial statement caption on the balance sheets. The Company did not have any contract assets at September 30, 2021 or December 31, 2020. The Company applies the practical expedient that allows non-disclosure of information about remaining performance obligations that have original expected durations of one year or less.