enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

DHL Freight goes green with LNG trucks
BONN, Germany: June 18, 2018: DHL Freight has cont...

Read more

Brussels Airport gearing up for 60th birthday bash
BRUSSELS: June 18, 2018: This year sees Brussels A...

Read more

Jet Airways takes off under RCS
ALLAHABAD, India: June 14, 2018. Jet Airways has c...

Read more

Panalpina continues Latam expansion with Newport buy
BASEL, Switzerland: June 15, 2018. Panalpina has c...

Read more

APL, Evergreen and HMM boost Asia-Australia capacity
LONDON: June 14, 2018. APL, Evergreen, and Hyundai...

Read more

Emirates returns to Luanda, further frequencies eyed
DUBAI: June 12, 2018: Emirates has bolstered its c...

Read more

MIA welcomes Air Italy
MIAMI: June 12, 2018: Miami International Airport ...

Read more

DB and Georgian Railway target future growth together
BERLIN: June 13, 2018: Deutsche Bahn and Georgian ...

Read more

Hactl handles ABC
HONG KONG: June 12, 2018: Hong Kong Air Cargo Term...

Read more

DHL Freight goes green with LNG trucks
Brussels Airport gearing up for 60th birthday bash...
Jet Airways takes off under RCS
Panalpina continues Latam expansion with Newport buy
APL, Evergreen and HMM boost Asia-Australia capacity
Emirates returns to Luanda, further frequencies eyed
MIA welcomes Air Italy
DB and Georgian Railway target future growth together...
Hactl handles ABC

Latest News

Default Image
19 Jun, 2018

Breakbulk Europe 2018 smashes attendance record

in News
BREMEN, Germany: June 18, 2018: Breakbulk Europe set a new attendance record, with more…
MPS Ghana
15 Jun, 2018

IFC stumps up US$700 million for Tema expansion

in News
TEMA, Ghana: June 15, 2018. Meridian Port Services (MPS) has secured almost US$700…
Emirates Cainiao
15 Jun, 2018

Emirates SkyCargo to support Cainiao Network’s Dubai hub

in News
DUBAI: June 13, 2018. Emirates SkyCargo and the logistics arm of Alibaba, Cainiao, have…
Plastics hub Antwerp Bertschi
13 Jun, 2018

Bertschi adds to Antwerp footprint with new 25,000sqm-plus facility

in News
ANTWERP: June 13, 2018. Global logistics provider Bertschi has opened a new plastics hub…
Turkish Cargo A330F
11 Jun, 2018

Turkish Airlines plans to become an e-commerce Integrator

in News
ISTANBUL: June 11, 2018. Turkish Airlines (THY) has announced plans to form an integrated…
Amerijet fleet
09 Jun, 2018

Amerijet appoints new charter sales director

in News
MIAMI, Florida: June 07, 2018. Amerijet International has appointed Glen Gates as its…
Swiss World Cargo
09 Jun, 2018

SWISS boosts QEP stations to 36

in News
GENEVA: June 07, 2018. Swiss WorldCargo has bolstered its network of QEP accredited…
APM Terminals Pipavav India
09 Jun, 2018

WSI incorporates Damco blockchain

in News
DEN HAAG, The Netherlands: June 06, 2018. Damcon has launched a new block train service…
Cargolux LX VCA
09 Jun, 2018

Cargolux bans game hunting trophies

in News
LUXEMBOURG: June 08, 2018. Cargolux has imposed an immediate ban on game hunting trophies…

DARIEN, CT: August 01, 2017. Railroad company Genesee & Wyoming (G&W) has reported an unchanged net income of US$75.4 million on a 7.6 percent increase in revenue to US$1.05 billion for the first six months of 2017.

GW railroadSecond quarter revenue rose 7.8 percent to US$540.4 million from $501.4 million year-on-year as net income fell slightly to US$48.1 million from US48.3 million in 2016.

During the period the company acquired Pentalver Transport, a UK-based maritime container terminal and transportation business, and Atlantic Western Transport, parent company of Heart of Georgia Railroad.

Jack Hellmann, chairman, president and CEO of G&W said with US$154 million of free cash flow after the first six months of the year, the company continues "to evaluate a range of acquisition and investment opportunities across our global footprint of railroads".

During the second quarter, North America operating revenue increased 3.6 percent to US$315.7 million and operating income rose 0.7 percent to US$79.6 million; in Australia revenue from G&W's 51.1 percent-owned business rose 38.9 percent to US$76.8 million while adjusted operating income doubled to US $20.3 million.

In the UK and Europe during the period, revenue rose 4.5 percent to US$148.0 million and reported adjusted income increased to US$5.9 million from US$3.4 million.

G&W owns or leases 122 freight railroads worldwide and provides rail service at more than 40 major ports in North America, Australia and Europe.

Corporate News

- powered by Quickchilli.com -