Downturn hits ICTSI volumes…


The global trade slowdown has started to affect International Container Terminal Services, Inc (ICTSI), with container volumes in 1Q/09 falling by double-digit rates in all but one of its five key terminals. The result was that consolidated gross revenues from ports operations were down 15.7% at US$92.8M and net income was down by 17.3% at US$89M.

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