ICTSI Q1 net income grows 36% Y-o-Y
NewsICTSI’s Q1 2024 financials show EBITDA up 17% to US$413.76M, with revenues rising 11% to US$637.65M, while handling slightly fewer TEU than Q1 2023.
Global terminal operators post mixed bag of first-half results
First-half operating performances posted by global terminal operators (GTOs) in the container handling sector were mixed. On the positive front, cargo volumes handled were generally up yearon-year compared to 2016, but rising levels of competition, uncertainties around the new carrier alliances, lines seeking better deals from their vendors and increasing costs all took their toll on operating profits (see accompanying table).
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