Intercontainer reports flat profits for 2007

Intercontainer reports flat profits for 2007 Intercontainer-Interfrigo SA, the European operator of combined rail/road transport services, ended 2007 with a profit of 2.9 million euros ($4.5 million), about the same as in 2006.
   Revenue was 140 million euros ($217 million), compared to 143 million euros in 2006.
   Volumes transported were 415,800 TEUs, down 3.3 percent year-on-year.
   “The drop in volumes may largely be ascribed to capacity problems in western and northern ports, which had a generally adverse effect on transport quality on routes where Intercontainer volumes are traditionally large,” the company said.
   “To prevent slippages in the standards delivered to its customers as far as possible, capacity and train frequency in the western and northern ports were only partly reduced,” it said.
   Intercontainer said the range of shuttle and feeder services it offers were expanded in the latter part of the year.
   Growth in all major East and Southeast traffics was substantial and Intercontainer was able to further “develop its market leader position.”