• ITVI.USA
    13,888.570
    -404.890
    -2.8%
  • OTRI.USA
    22.100
    -0.490
    -2.2%
  • OTVI.USA
    13,862.590
    -418.870
    -2.9%
  • TLT.USA
    2.800
    0.020
    0.7%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,888.570
    -404.890
    -2.8%
  • OTRI.USA
    22.100
    -0.490
    -2.2%
  • OTVI.USA
    13,862.590
    -418.870
    -2.9%
  • TLT.USA
    2.800
    0.020
    0.7%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
American Shipper

Hapag-Lloyd has best quarter ever

Hapag-Lloyd has best quarter ever

   Hapag-Lloyd, the world's fifth-largest container carrier, had operating income of 226 million euro ($294 million) in the third quarter ending June 30, compared to a 193 million euro operating loss in the same 2009 period.

   TUI, the publicly traded German tourism company that owns 43.33 percent of Hapag-Lloyd, said the results were “considerably better than expected” and the container carrier “posted the best quarterly results in its history.”

   The company attributed the change to both successful implementation of a cost-cutting program and higher revenue of 1.6 billion euro ($2.1 billion) in the third quarter compared to 1.3 billion euro in the same 2009 period.

   Revenue was boosted by a 30 percent increase in freight rates and an 8 percent increase in volume.